Chinese state banks, which were considered technically insolvent in the 1990s, are at present among the largest and most important banks in the world. This book, based on the author’s research and also on his extensive experience of working in Chinese banks, explores how Chinese banks’ technical efficiency and organisational flexibility have been achieved whilst ownership and control by the Chinese Communist Party have continued. The author reveals a distinctly non-Western approach to corporate governance, but one that has nevertheless worked very well.
Table of Contents
Part I: System structure
2. Political control and corporate governance
3. Economic reform and corporate governance
Part II: System function
4. Political effectiveness and corporate governance
5. Political stability and corporate governance
6. Political adaptability and corporate governance
Part III: System integration
7. The nature of corporate governance
Xuming Yang has extensive experience of working for Chinese banks. He completed his doctorate at the University of Cambridge, UK.
"The treatment of the subject in this study is both thorough and detailed and the author writes in a reasonably non-technical manner. He also has a very good grasp of ‘corporate governance’ in both capitalist and communist economies. There is hence a good balance of theory and practice covered in the book..."
Malcolm Warner, Cambridge Judge Business School, University of Cambridge, Asia Pacific Business Review