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9789041198389

Chinese Banking Law and Foreign Financial Institutions

Chinese Banking Law and Foreign Financial Institutions
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  • ISBN-13: 9789041198389
  • ISBN: 9041198385
  • Publisher: Kluwer Law International

AUTHOR

Centre for Commercial Law Staff, Zhou, Zhongfei

SUMMARY

If China is to develop a modern and viable banking sector, it needs to put in place a suitable legal infrastructure which is consistent with emerging international supervisory standards, WTO requirements and aspirations for financial sector liberalisation. The author argues that current foreign banking laws are fundamentally out of line with international standards and practices and that legislators and supervisors do not appreciate or cultivate commonly accepted supervisory values. This book proposes a set of reforms that would at the same time create a legal environment for competitive equality between foreign banks and protect the Chinese banking system. The issues considered include the licensing process For The entry of foreign banks into the Chinese market, The ongoing regulation of foreign banks and foreign bank crisis management or bank failure resolution. The author offers a proposed framework of Chinese foreign banking law which should be of great benefit to existing and prospective foreign banks in China.Centre for Commercial Law Staff is the author of 'Chinese Banking Law and Foreign Financial Institutions' with ISBN 9789041198389 and ISBN 9041198385.

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