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OUTBOUND FOREIGN DIRECT INVESTMENT IN CHINA’S FINANCE SECTOR:
IMPLICATIONS FOR DOMESTIC BANKING REFORM
by
Brandy Au
______________________________________________________________
A Thesis Presented to the
FACULTY OF THE USC GRADUATE SCHOOL
UNIVERSITY OF SOUTHERN CALIFORNIA
In Partial Fulfillment of the
Requirements for the Degree
MASTER OF ARTS
(POLITICS AND INTERNATIONAL RELATIONS)
August 2011
Copyright 2011 Brandy Au
Object Description
| Title | Outbound foreign direct investment in China's finance sector: implications for domestic banking reform |
| Author | Au, Brandy |
| Author email | au.brandy@gmail.com;au.brandy@gmail.com |
| Degree | Master of Arts |
| Document type | Thesis |
| Degree program | Politics and International Relations |
| School | College of Letters, Arts And Sciences |
| Date defended/completed | 2011-07-27 |
| Date submitted | 2011-07-27 |
| Date approved | 2011-07-28 |
| Restricted until | 2011-07-28 |
| Date published | 2011-07-28 |
| Advisor (committee chair) | Katada, Saori N. |
| Advisor (committee member) |
Rosen, Stanley Wise, Carol |
| Abstract | Economic liberalization has occurred at a rapid pace in China since the start of economic reforms in 1978. One sector that has lagged behind when it comes to liberalization, however, is that of the banking and finance sector. The lack of liberalization, and more generally, structural reform in China’s banking system is due to its irreplaceable role as financier of the national economy. With no alternative forms of financing, state-led economic development in China has consistently been dependent on bank lending. In particular, large state-owned enterprises (SOEs) are the entities that have benefited most from government-mandated preferential lending policies. ❧ This critical role of financial support has extended beyond the domestic realm in recent years to include assisting enterprises in their outbound foreign direct investment (OFDI). As China’s general OFDI increases, so has finance sector-specific OFDI. Finance sector-specific OFDI theoretically can assist in the reform process for China’s state-owned banks, but this does not seem to be a primary motivation for banks to invest abroad. Rather, finance sector OFDI indicates an extension of banks supporting state-owned and large enterprises abroad. This project makes the argument that this added imperative role will provide even less of an incentive for policymakers to mandate desperately needed reforms, to the detriment of the banking system. |
| Keyword | banking reform; China; finance; foreign direct investment; state-owned enterprises |
| Language | English |
| Part of collection | University of Southern California dissertations and theses |
| Publisher (of the original version) | University of Southern California |
| Place of publication (of the original version) | Los Angeles, California |
| Publisher (of the digital version) | University of Southern California. Libraries |
| Provenance | Electronically uploaded by the author |
| Type | texts |
| Legacy record ID | usctheses-m |
| Contributing entity | University of Southern California |
| Rights | Au, Brandy |
| Physical access | The author retains rights to his/her dissertation, thesis or other graduate work according to U.S. copyright law. Electronic access is being provided by the USC Libraries in agreement with the author, as the original true and official version of the work, but does not grant the reader permission to use the work if the desired use is covered by copyright. It is the author, as rights holder, who must provide use permission if such use is covered by copyright. The original signature page accompanying the original submission of the work to the USC Libraries is retained by the USC Libraries and a copy of it may be obtained by authorized requesters contacting the repository e-mail address given. |
| Repository name | University of Southern California Digital Library |
| Repository address | USC Digital Library, University of Southern California, University Park Campus MC 7002, 106 University Village, Los Angeles, California 90089-7002, USA |
| Repository email | cisadmin@dots.usc.edu |
| Archival file | uscthesesreloadpub_Volume71/etd-AuBrandy-190.pdf |
Description
| Title | Page 1 |
| Contributing entity | University of Southern California |
| Repository email | cisadmin@dots.usc.edu |
| Full text | OUTBOUND FOREIGN DIRECT INVESTMENT IN CHINA’S FINANCE SECTOR: IMPLICATIONS FOR DOMESTIC BANKING REFORM by Brandy Au ______________________________________________________________ A Thesis Presented to the FACULTY OF THE USC GRADUATE SCHOOL UNIVERSITY OF SOUTHERN CALIFORNIA In Partial Fulfillment of the Requirements for the Degree MASTER OF ARTS (POLITICS AND INTERNATIONAL RELATIONS) August 2011 Copyright 2011 Brandy Au |
