Shanghai Local State-Owned Financial Institutions Reviewed by China's Economy & Policy-Gateway International Group

16 Aug 2012 • by Natalie Aster

At present, there are a total of 16 financial institutions under the jurisdiction of the Shanghai municipal government which are active in the insurance, banking, securities, trust, funds, and other financial fields. In the long run, the internationalization of local state-owned financial institutions is not only an important component in the internationalization of China’s financial system, but it is also conducive to financial development and the modernization of the local economies.

The new article “Internationalization of Local State-owned Financial Institutions in Shanghai” by China's Economy & Policy-Gateway International Group provides an in-depth analysis.

The reasons why financial institutions under the jurisdiction of Shanghai municipal government have been internationalized can be summarized as follows: (1) to provide follow-up services for the RMB internationalization process and for enterprises’ “going global” strategies; (2) to meet the needs of foreign capital for investing in China; (3) to increase the ability to respond to market competition; (4) to realize revenue diversification and spread risk; (5) to develop new markets; (6) to avoid financial regulations.

Report Details:

Internationalization of Local State-owned Financial Institutions in Shanghai
Published: May, 2012
Pages: 7
Price: US$ 200,00

According to a survey of financial institutions under the jurisdiction of the Shanghai municipal government, the first three are the most important and provide the most common motivation for internationalization. As with most of the financial enterprises in China, the internationalization of financial institutions in Shanghai is largely motivated by the financial need of real economies to go global, and their service targets and business types are also an extension of the domestic market. From this point of view, there is a great difference between the internationalization of China’s financial institutions and overseas investment by foreign financial institutions aimed at market development.

Another important motivation for the internationalization of these financial institutions is the desire to meet the needs of overseas investors in China, which is the reason why the international financial markets have turned their focus on East Asia, especially China.

More information can be found in the report “Internationalization of Local State-owned Financial Institutions in Shanghai” by China's Economy & Policy-Gateway International Group.

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