International Competitiveness of China's Banking Industry: A Multi-dimensional Examination

Abstract

ABSTRACTOf this thesis submitted by Zhijun Xiu for the degree of MPhil and entitled"International Competitiveness of China's Banking Industry:A Multi-dimensional Examination Perspective"Manchester Business SchoolThe University of ManchesterAccompanying the globalisation of the world economy and the internationalisation of Chinese CBs, the research in terms of the international competitiveness of the CBI and Chinese CBs has become urgent and significant. The motivations and targets of this research are to understand the status quo of international competitiveness of the CBI and Chinese CBs; to recognise the actual gap in the aspects of international competitiveness between Chinese CBs and the Western advanced CBs; to find out the issues and main causes that existed in and determined the international competitiveness of Chinese CBs; and to work out the approaches to solve the issues and boost the international competitiveness of the CBI and Chinese CBs. According to the analyses of the international background, domestic context and specific situation, and the review of previous relevant literatures in terms of the international competitiveness and international competitiveness of CB, the general framework of this research is based on the fundamental theory - New Institutional Economics (NIE), especially the Institutional Change Theory (ICT), and applied four key factors - Business Scale, Profitability, Asset Quality and Overseas Business Margin, as well as some necessary macro and micro -specific determinants, to multi-dimensionally examine and comprehensivelyevaluate the real level of international competitiveness of the CBI and some Chinese CBs during the last three decades, in particular during the last decade since 2003. This basic framework established the theoretical foundation for this research; it is the general framework that is jointly consisted of the constitution, determinants and evaluation sub-frameworks of international competitiveness of CB. In this research, the international competitiveness of CB mainly includes: Business Scale International Competitiveness, Profitability International Competitiveness, Soundness International Competitiveness and Overseas Business International Competitiveness. These four aspects of international competitiveness of CB can be all measured by relative indicators that can be calculated through relative financial data; thus, the international competitiveness of CB could be then synthetically, directly andexternally evaluated and reflected.Basically, the determined framework of international competitiveness of CB is referred to reveal how the international competiveness of CB is determined. According to the value theory of dialectical-materialism, object development is decided by its internal and external causes; therefore, in this research, the scale, management, technology and international administration are considered as the major internal factors to determine the international competitiveness of CB, while the governmental functions, horizontal industrial competition, market supply and demands, and industrial trend at home and abroad are suggested as themajor external factors to reflect the international competitiveness of CB. Based on the determined framework and the internal-external cause theory, as well as considering the cross-border competition as the mainstream of the international competition for CBs, it can be seen that the deciding model and evaluation model are combined together to set up the overall models for evaluating and reflecting the international competitiveness of China's CBs. According to the results calculated by the models, the separate and joint evaluations are made to jointly estimate the real level of international competitiveness of Chinese CBs; then the internal and external critical analyses are taken into consideration to reveal how the internal and external major factors reflect and influence the international competitiveness of CBI. Finally, a set

Date of Award	1 Aug 2016
Original language	English
Awarding Institution	The University of Manchester
Supervisor	Hong Liu (Supervisor) & Saleema Kauser (Supervisor)