Annual Report on China's Financial Development (2012)
1st Edition
Published on 1. April 2012
246 pages
978-1-84464-212-0 (ISBN)
Description
Written and edited by leading Chinese economic and finance advisers, this key book offers a detailed analysis of China's financial situation in 2012. It will enable the reader to understand China's financial climate plus the likely financial trends and commercial opportunities in 2012 and beyond. Given China's increasingly crucial influence in global finance this book gives the latest expert analysis on China's own financial development. Contributors include Li Yang, Vice President of the Academy of Social Sciences, Vice President of China Institute of International Finance, Executive Director of China Finance Society and Executive Director of China Urban Financial Society.
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Yang Li | Guogang Wang
Annual Report on China's Financial Development (2012)
Book
08/2012
Paths International Ltd
€112.85
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Content
- Cover
- Title
- Contents
- List of Contributors
- 1 Overall Financial Market and Analysis of Monetary Policy
- 1.1 Background of the Entity Economy of the Monetary Policy
- 1.2 Financial Background of the Monetary Policy
- 1.2.1 Significant growth in both measures of money supply
- 1.2.2 Decreasing monetary base and the significant structural change in the monetary base
- 1.2.3. The sharp increase in credit loans and credit loan expansion
- 1.2.4 Financial institutions maintain appropriate growth, net household savings deposits decline, and there is a significant increase in fiscal policy
- 1.2.5 Substantial increase in money market transactions, more balanced development in each sub-market, and the volatile market interest rates
- 1.2.6 Significant gain in Stock Market followed by immediate drop, increase in bond and bank credit loan financing
- 1.2.7 RMB exchange rate pegged to the dollar, rising growth rate of foreign exchange reserves
- 1.3 Monetary Policy in 2009: Crisis Management and its Withdrawal
- 2 Banking Industry
- 2.1 Overview of banking operations
- 2.1.1 Deposits
- 2.1.2 Loans
- 2.2 The overall trend of the banking industry
- 2.2.1 Retail banking development
- 2.2.2 Integrated operation
- 2.2.3 Internationalized operation
- 2.3 Banking Reform and Development
- 2.4 Major commercial banks' performances
- 2.4.1 Net profit
- 2.4.2 Business structure
- 2.4.3 Asset quality
- 2.4.4 Risk compensation
- 2.5 Banking industry's open-door policy
- 3 Insurance Industry
- 3.1 Overview and characteristics of the insurance industry
- 3.1.1 The complex market environment for the insurance industry, increased uncertainty of macro-control policies
- 3.1.2 The growth of insurance industry is slowing down, the premium income ranks sixth in the world
- 3.1.3 Insurance density and insurance penetration increased significantly
- 3.1.4 The overall profitability and strength of the insurance industry increased substantially
- 3.1.5 The insurance industry made positive progress in restructuring
- 3.1.6 The number of insurance companies increased in the process of reform and opening up
- 3.1.7 Expansion of the areas of investment of insurance funds
- 3.1.8 The rapid development of the insurance intermediary market
- 3.1.9 High growth in life insurance companies and slowdown in the growth of non-life insurance business
- 3.1.10 Growth rate of Bancassurance slowed down
- 3.1.11 Expanding the fields of insurance services
- 3.1.12 Intensified market competition and optimization of the regional structure
- 3.1.13 Continuing improvement of the insurance regulatory system
- 3.1.14 The status of the insurance market improved significantly in economic and social development
- 3.2 Insurance market operations
- 3.2.1 Operation of the non-life insurance market
- 3.2.2 Life insurance market
- 3.2.3 The intermediary insurance market
- 3.2.4 Insurance regulatory philosophy and goals
- 3.3 The prospects of the development of insurance industry in 2010
- 3.3.1 Challenges facing the development of the insurance industry
- 3.3.2 Rare opportunity for the insurance industry
- 3.3.3 The prospects for the insurance industry
- 4 Financial Market: Money Market
- 4.1 Trading volume and changes in the structure of the money market
- 4.1.1 Bond repurchase market
- 4.1.2 Interbank market
- 4.1.3 Commercial paper market
- 4.2 Changes of the interest rate in the money market
- 4.2.1 The overall trend of money market interest rates
- 4.2.2 Shanghai Interbank Offered Rate (SHIBOR)
- 4.2.3 Commercial paper market interest rate
- 4.3 Money market liquidity
- 5 Financial Market: Stock Market
- 5.1 Analysis of the 2009 stock market
- 5.1.1 Stock market presented upward trend
- 5.1.2 Better performance of listed companies
- 5.1.3 Improved investor confidence
- 5.1.4 Structural net redemptions of the security investment fund
- 5.2 Institutional change in the stock market in 2009
- 5.2.1 The establishment of the Growth Enterprise Market
- 5.2.2 Reform of the IPO system
- 6 Financial Market: Bond Market
- 6.1 Main characteristics of China's bond market
- 6.1.1 Issuance scale and product structure of bonds
- 6.1.2 The term structure of bonds
- 6.1.3 Distribution of China's bonds
- 6.1.4 The product structure of China's bond
- 6.1.5 Term distribution of the stock of bonds
- 6.2 Changes in transaction size and liquidity
- 6.2.1 Types of bond trading and market distribution
- 6.2.2 Liquidity Analysis
- 6.3 Investor structure of the interbank bond market
- 6.3.1 Quantitative distribution of investors
- 6.3.2 Position structure
- 6.3.3 Spot trading layout
- 6.3.4 Net spot trading
- 6.3.5 The subscription amount of bond underwriting
- 6.3.6 Changes in the volume of positions
- 6.3.7 General description of features
- 6.4 Interest rate derivative products
- 6.4.1 Interest rate derivatives: market structure and trends
- 6.4.2 New features of the interest rate swap market
- 6.4.3 Infrastructure and system constructions
- 6.5 Bond market's major trends and hidden opportunity
- 6.5.1 "Hidden opportunity" for interest rate products
- 6.5.2 The overall trend of credit products
- 6.5.3 Changes in the term structure of interest rates
- 7 Financial Market: Bank Financial Products
- 7.1 Overall market development of bank financial products in 2009
- 7.1.1 Basic distribution characteristics
- 7.1.2 Summary of major innovations
- 7.1.3 Structuralized general products
- 7.1.4 The pulsed effects of laws and regulations
- 7.1.5 Ranking of wealth management products
- 7.1.6 Analysis of products with zero/negative returns
- 7.1.7 Reviews for disputed products
- 7.2 The development and evaluation of renminbi banking financial products
- 7.2.1 Analysis of issuers
- 7.2.2 The main class of assets and its performance
- 7.2.3 Structural products and their performance
- 7.2.4 Commission period and product return
- 7.2.5 Characteristics of matured products
- 7.3 Development and evaluation of foreign currency financial products
- 7.3.1 Analysis of issuers
- 7.3.2 Various types of products by underlying assets and their performances
- 7.3.3 Product structure and its features
- 7.3.4 Commission period and product return
- 7.3.5 Characteristics of matured products
- 7.4 Trends and Issues
- 7.4.1 Future trends
- 7.4.2 Potential issues
- 8 Financial Market: Futures Market
- 8.1 China's futures market reached one hundred trillion yuan in transaction times
- 8.2 2009 futures commodity prices predict future
- 8.2.1 Metal futures prices began to rise in the first half of the year and were volatile at high levels in the second half of the year
- 8.2.2 Rising agricultural futures prices driven by the recovered market
- 8.2.3 Energy and chemical futures prices follow crude oil prices, which follow international trends, showing a unilateral increasing trend
- 8.3 Commodity futures innovations and review of stock index futures
- 8.3.1 Innovations in commodity futures markets
- 8.3.2 A breakthrough in stock index futures
- 9 Balance of Payments and Foreign Exchange Reserve
- 9.1 Changes in current account
- 9.1.1 Trade in Goods
- 9.1.2 Trade in Services
- 9.1.3 Profit
- 9.1.4 Current transfers
- 9.2 Changes in capital and financial accounts
- 9.2.1 Direct investment
- 9.2.2 Securities Investment
- 9.2.3 Other investments
- 9.2.4 External debt
- 9.2.5 Net errors and omissions
- 9.3 Foreign exchange reserves
- 9.3.1 The growth rate of the annual balance slowed with seasonal fluctuations
- 9.3.2 Safety, liquidity, and earnings of foreign exchange reserves
- 9.3.3 Foreign exchange management reform
- 10 Financial Law and Regulation
- 10.1 Continuing to improve relevant legislation and consolidate the basis of financial laws
- 10.2 Actively responding to the financial crisis and strengthening the flexibility of supervision
- 10.3 Globalization stimulates the construction of the Shanghai International Financial Center
- 10.4 Local governments play an active role, exploring a new system of financial regulation
- 10.5 Focusing on protecting the interests of consumers and strengthening the relevant supervisions
- 10.6 Strengthening the international regulatory cooperation and participation in the formulation of international rules
- 10.7 Issues and Prospects
- 11 Local Platform of Investment and Financing
- 11.1 Status of the local government financing platform
- 11.1.1 The definition of the local government financing platform
- 11.1.2 The development of the local government financing platform
- 11.2 Problems in local government financing
- 11.2.1 Uncertainties of local government solvency
- 11.2.2 Lack of supervision of the local government financing platform
- 11.3 The negative impact of the government financing platform
- 11.3.1 In the real estate industry: land finance pushed housing prices higher
- 11.3.2 In the banking industry: concerns about the safety of bank credit
- 11.3.3 In macroeconomics: expansion of government debt led to increased macroeconomic risks
- Reference
- Copyright
