• China’s first private bank open for business

    The first private bank on the Chinese mainland is now officially open for business in the eastern coastal city of Wenzhou. The Wenzhou Minshang Bank is one of China’s first 5 pilot private banks in late 2014, and the first of five to officially start operations after obtaining approval. Subscribe us on Youtube: https://www.youtube.com/user/CCTVNEWSbeijing Download for IOS: https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download for Android: https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Facebook: https://www.facebook.com/cctvnewschina Twitter: https://twitter.com/CCTVNEWS Google+: https://plus.google.com/+CCTVNEWSbeijing Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing

    published: 28 Mar 2015
  • Ask China: Private banking - A more dynamic economy

    In what has been called one of the biggest reforms in China’s banking sector for decades, the CBRC approved five private-owned banks last year, including one funded by e-commerce giant Alibaba and another by Internet giant Tencent.   The banking regulator said private banks will facilitate small businesses and help develop the rural economy. They will bring greater dynamism to the banking industry, sharing a level playing field with state-owned banks. Subscribe to us on Youtube: https://www.youtube.com/user/CCTVNEWSbeijing Download for IOS: https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download for Android: https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Facebook: https://www.facebook.com/cctvnewschina Twitter: https://twitter.com/...

    published: 15 Mar 2016
  • China approves three private banks

    published: 27 Jul 2014
  • UOB Private Bank ‘Grocer’ TV Commercial

    published: 01 Jun 2016
  • Shanghai's first private bank starts business

    China's banking reform is being push forward with the first private bank in Shanghai has started business. It's one of the first batch of five private banks that have already been approved to start operation in China.

    published: 24 May 2015
  • China - First private bank

    T/I: 10:33:50 China's first private bank, which opened for business in January, hopes to become a major force in world banking. The Minsheng Bank in Beijing is China's first attempt at independent banking in 50 years. It employs 130 people and was set up with the equivalent of 170 million US dollars. The bank wants to exploit new business areas which have opened up as part of China's economic reform programme. The chairman of the bank, Jing Shuping, was once branded as a "reactionary capitalist" and punished with hard labour during the country's Cultural Revolution. The Minsheng Bank will open three more branches in Shanghai, Guangzhou and Chengdu this year. It also wants to finance high-profile projects led by multilateral development banks. SHOWS: CHINA, 12 AUGUST, 1996 Ext. fir...

    published: 23 Jul 2015
  • Bank regulator approves three private banks in China

    China’s banking regulator has approved the establishment of three private banks. The first bank will be Webank by Internet giant Tencent. A second new bank will be in the eastern city of Wenzhou, cofounded by Chint Group and Huafon Group. And a third bank, will be in Tianjin, with Huabei Group and Maigou Group as co-founders.

    published: 26 Jul 2014
  • Alibaba launches online-only private bank

    MYbank, one of China's first five pilot private banks, was launched on Thursday in Hangzhou. The online-only bank, backed by e-commerce giant Alibaba, is based on small value savings and loans. Subscribe us on Youtube: https://www.youtube.com/user/CCTVNEWSbeijing Download for IOS: https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download for Android: https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Facebook: https://www.facebook.com/cctvnewschina Twitter: https://twitter.com/CCTVNEWS Google+: https://plus.google.com/+CCTVNEWSbeijing Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing

    published: 25 Jun 2015
  • Private Banking Pathway

    If you want a good reason to join us, watch Andrew explain why he did, the culture and his proudest moment. Interested? Apply today http://bit.ly/2wGbEbD

    published: 06 Sep 2017
  • China to experiment with private bank

    ပုဂၢလိကဘဏ္မ်ားအား တရုတ္က ဖြင့္ခြင့္ျပဳ ============================== တရုတ္ႏုိင္ငံဟာ ပုဂၢလိကဘဏ္မ်ားစြာ ဖြင့္လွစ္ထူေထာင္ေပး နုိင္ေရးအတြက္ ပုဂၢလိက ကုမၸဏီမ်ားစြာနဲ႔ ပူးေပါင္းေဆာင္ရြက္ဖို႔ အစီအစဥ္တစ္ရပ္ ေရးဆြဲသြားမယ္လို႔ ဘဏ္မန္ေနဂ်ာတစ္ဦးက ယမန္ေန႔က ေျပာဆိုခဲ့

    published: 12 Mar 2014
  • The 5 best tips to open your private banking account with the best Swiss bank

    open a bank account with one of the top Swiss private banks. Your balance should exceed EUR 500’000. I advice you step-by step. I show you the 5 best tips how to find the best Swiss bank for YOU. Based on my “Speedy Account Opening Form” and based on my personal introduction to your future Swiss bank your account can be opened on the same day.

    published: 02 Sep 2014
  • Bank of China : Private Banking Service Launch Event

    To mark the launch of a new private banking service by the Bank of China, an exclusive event was held on the top floor of BOC Tower. Concept Communications helped to build an elegant and memorable experience for all invited guests by partnering with a brand agency in Hong Kong. The event was concluded with an imperssive performance by the world famous Chinese musician Jue Yao which certainly ended the event on a high note. For more succesful event experience, please visit : http://milton-exhibits.com/event-management/

    published: 20 Mar 2014
  • UBS Wealth Management - Best global private bank - Global Private Private Banking Awards 2014

    At this year's Global Private Banking Awards ceremony in Geneva, Kathy Shih, head of Wealth Management Asia Pacific at UBS talks to Yuri Bender about the bank's growth strategy, managing costs and its multi-centre approach in Asia in 2014.

    published: 01 Dec 2014
  • Private Banking

    What are the requirements to open a private bank account? Rene Philippe, Offshore Premium. You can view this video and the full video archive on the Dukascopy.TV page: http://www.dukascopy.com/tv/en/#135115

    published: 25 Aug 2014
  • China’s Coming Debt Crisis?

    The condition of the Chinese economy is increasingly becoming a significant factor exorcising the minds of global policy makers. Even though China’s most recent data has shown signs of stabilization (and the current turmoil in the Chinese market will likely provide more Chinese policy stimulus via further overinvestment, which could perpetuate this capex bubble in the short term) the world is still paying close attention to the gradual unwinding of the country’s historically unprecedented investment ratio of around 45% to GDP. That ratio (down from a peak of 55%) suggests that China is poised to embark on a powerful accelerator multiplier dynamic to the downside. Add to that ongoing dollar strength, which has inflicted further deflationary pressures on resource producers, most particularly...

    published: 02 Mar 2016
  • Private banking dynamics in Asia

    published: 01 Feb 2017
  • The right talent for the private banking sector in China

    Learn more at PwC.com - http://pwc.to/VEzdV6 Bhishan Sethi, PwC US Financial Services People and Change Leader, and Susan Hothersall, PwC US Financial Services Manager, discuss finding, developing, and retaining the right talent for the banking sector in China.

    published: 25 Jan 2013
  • China approves 2 new private banks

    China has approved the establishment of two new privately owned banks, taking the total number to 5. The new banks will be set up in Shanghai Municipality and Zhejiang Province. The move is being seen as a big step forward for the country’s prosperous banking sector, which is undergoing major transformations.

    published: 29 Sep 2014
  • Head of Private Banking Platform Management, Hong Kong

    The Head of Private Banking Platform Management reports to the COO, Private Banking and leads a team of Platform Managers. He/she will have overall responsibility for all Client Services Managers (CSM) while each Platform Manager will supervise a subset of Client Services Managers in alignment with each Sales Head. MORE: http://hk.careerintlinc.com/head-of-private-banking-platform-management/

    published: 04 Nov 2013
  • Private banks adapting to serve customer base

    Millions of small businesses in China say they’re in dire need of funding, which raised a question: why small commercial banks are more adaptable than their state-owned peer. CCTV America’s Wu Haojun looks at China’s five pilot banks. Read more: http://www.cctv-america.com/?p=65708&preview_id=65708#ixzz3f3ISKYow Watch us live anywhere at http://www.cctvamericalive.com Follow us: @cctv_america on Twitter | CCTVAmerica on Facebook

    published: 05 Jul 2015
  • INDUSTRIAL AND COMMERCIAL BANK OF CHINA

    published: 23 Nov 2013
  • Financial Expert: No Optimism In China's Private Bank Pilot Plan

    Follow us on TWITTER: http://twitter.com/cnforbiddennews Like us on FACEBOOK: http://www.facebook.com/chinaforbiddennews China wants banks to tap private capital. The regime has approved a pilot plan to set up three to five private banks. So far, the draft rules for these private banks have not been issued. Experts worry that the current policy and system have not improved and there are many risks to opening private banks. Can the so-called "private bank" operate independently? The pilot plan is likely a black-box operation. On Jan. 6, 2014, China Banking Regulatory Commission (CBRC) reported that the banking sector will open up in 2014. The pilot banks, formed by private capital, are a self-risk financial institution. The regulator has approved the first pilot plan to set up three to ...

    published: 08 Jan 2014
  • China to crack down on underground banking

    published: 26 Aug 2015
  • UOB Private Bank ‘Bicycle’ TV Commercial

    published: 01 Jun 2016
developed with YouTube
China’s first private bank open for business
1:46

China’s first private bank open for business

  • Order:
  • Duration: 1:46
  • Updated: 28 Mar 2015
  • views: 573
videos
The first private bank on the Chinese mainland is now officially open for business in the eastern coastal city of Wenzhou. The Wenzhou Minshang Bank is one of China’s first 5 pilot private banks in late 2014, and the first of five to officially start operations after obtaining approval. Subscribe us on Youtube: https://www.youtube.com/user/CCTVNEWSbeijing Download for IOS: https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download for Android: https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Facebook: https://www.facebook.com/cctvnewschina Twitter: https://twitter.com/CCTVNEWS Google+: https://plus.google.com/+CCTVNEWSbeijing Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing
https://wn.com/China’S_First_Private_Bank_Open_For_Business
Ask China: Private banking - A more dynamic economy
1:17

Ask China: Private banking - A more dynamic economy

  • Order:
  • Duration: 1:17
  • Updated: 15 Mar 2016
  • views: 94
videos
In what has been called one of the biggest reforms in China’s banking sector for decades, the CBRC approved five private-owned banks last year, including one funded by e-commerce giant Alibaba and another by Internet giant Tencent.   The banking regulator said private banks will facilitate small businesses and help develop the rural economy. They will bring greater dynamism to the banking industry, sharing a level playing field with state-owned banks. Subscribe to us on Youtube: https://www.youtube.com/user/CCTVNEWSbeijing Download for IOS: https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download for Android: https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Facebook: https://www.facebook.com/cctvnewschina Twitter: https://twitter.com/CCTVNEWS Google+: https://plus.google.com/+CCTVNEWSbeijing Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing
https://wn.com/Ask_China_Private_Banking_A_More_Dynamic_Economy
China approves three private banks
1:56

China approves three private banks

  • Order:
  • Duration: 1:56
  • Updated: 27 Jul 2014
  • views: 155
videos
https://wn.com/China_Approves_Three_Private_Banks
UOB Private Bank ‘Grocer’ TV Commercial
1:01

UOB Private Bank ‘Grocer’ TV Commercial

  • Order:
  • Duration: 1:01
  • Updated: 01 Jun 2016
  • views: 22586
videos
https://wn.com/Uob_Private_Bank_‘Grocer’_Tv_Commercial
Shanghai's first private bank starts business
1:06

Shanghai's first private bank starts business

  • Order:
  • Duration: 1:06
  • Updated: 24 May 2015
  • views: 61
videos
China's banking reform is being push forward with the first private bank in Shanghai has started business. It's one of the first batch of five private banks that have already been approved to start operation in China.
https://wn.com/Shanghai's_First_Private_Bank_Starts_Business
China - First private bank
2:51

China - First private bank

  • Order:
  • Duration: 2:51
  • Updated: 23 Jul 2015
  • views: 102
videos
T/I: 10:33:50 China's first private bank, which opened for business in January, hopes to become a major force in world banking. The Minsheng Bank in Beijing is China's first attempt at independent banking in 50 years. It employs 130 people and was set up with the equivalent of 170 million US dollars. The bank wants to exploit new business areas which have opened up as part of China's economic reform programme. The chairman of the bank, Jing Shuping, was once branded as a "reactionary capitalist" and punished with hard labour during the country's Cultural Revolution. The Minsheng Bank will open three more branches in Shanghai, Guangzhou and Chengdu this year. It also wants to finance high-profile projects led by multilateral development banks. SHOWS: CHINA, 12 AUGUST, 1996 Ext. first private bank from street; Barred window; Pan down banner, promoting sale of government bonds; Bank plaque with working hours; VS int. of bank, teller windows; Teller with customer, filling out bond purchase form; CU customer writing; Teller using abacus to count money; Cu abacus; Customer and teller; Computer, showing reflection of teller's hands; Teller hands over bonds; Pan of other tellers; Machine counting money; Teller counting money by hand; Teller with abacus; Mingsheng Bank's Chairman Jing Shuping SOT in English: " I think that, latest by the year 2000...then, by then we have to compete not only with state banks, which have transformed into commercial banks, but we also have to face the competition from foreign banks; Cutway of hands; Jing SOT in Mandarin (repeat of above) 2.50 You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/50ca86083d4b94c85ded6c25204bfa08 Find out more about AP Archive: http://www.aparchive.com/HowWeWork
https://wn.com/China_First_Private_Bank
Bank regulator approves three private banks in China
2:11

Bank regulator approves three private banks in China

  • Order:
  • Duration: 2:11
  • Updated: 26 Jul 2014
  • views: 315
videos
China’s banking regulator has approved the establishment of three private banks. The first bank will be Webank by Internet giant Tencent. A second new bank will be in the eastern city of Wenzhou, cofounded by Chint Group and Huafon Group. And a third bank, will be in Tianjin, with Huabei Group and Maigou Group as co-founders.
https://wn.com/Bank_Regulator_Approves_Three_Private_Banks_In_China
Alibaba launches online-only private bank
2:22

Alibaba launches online-only private bank

  • Order:
  • Duration: 2:22
  • Updated: 25 Jun 2015
  • views: 514
videos
MYbank, one of China's first five pilot private banks, was launched on Thursday in Hangzhou. The online-only bank, backed by e-commerce giant Alibaba, is based on small value savings and loans. Subscribe us on Youtube: https://www.youtube.com/user/CCTVNEWSbeijing Download for IOS: https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download for Android: https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Facebook: https://www.facebook.com/cctvnewschina Twitter: https://twitter.com/CCTVNEWS Google+: https://plus.google.com/+CCTVNEWSbeijing Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing
https://wn.com/Alibaba_Launches_Online_Only_Private_Bank
Private Banking Pathway
2:09

Private Banking Pathway

  • Order:
  • Duration: 2:09
  • Updated: 06 Sep 2017
  • views: 4876
videos
If you want a good reason to join us, watch Andrew explain why he did, the culture and his proudest moment. Interested? Apply today http://bit.ly/2wGbEbD
https://wn.com/Private_Banking_Pathway
China to experiment with private bank
1:46

China to experiment with private bank

  • Order:
  • Duration: 1:46
  • Updated: 12 Mar 2014
  • views: 46
videos
ပုဂၢလိကဘဏ္မ်ားအား တရုတ္က ဖြင့္ခြင့္ျပဳ ============================== တရုတ္ႏုိင္ငံဟာ ပုဂၢလိကဘဏ္မ်ားစြာ ဖြင့္လွစ္ထူေထာင္ေပး နုိင္ေရးအတြက္ ပုဂၢလိက ကုမၸဏီမ်ားစြာနဲ႔ ပူးေပါင္းေဆာင္ရြက္ဖို႔ အစီအစဥ္တစ္ရပ္ ေရးဆြဲသြားမယ္လို႔ ဘဏ္မန္ေနဂ်ာတစ္ဦးက ယမန္ေန႔က ေျပာဆိုခဲ့
https://wn.com/China_To_Experiment_With_Private_Bank
The 5 best tips to open your private banking account with the best Swiss bank
5:35

The 5 best tips to open your private banking account with the best Swiss bank

  • Order:
  • Duration: 5:35
  • Updated: 02 Sep 2014
  • views: 1439
videos
open a bank account with one of the top Swiss private banks. Your balance should exceed EUR 500’000. I advice you step-by step. I show you the 5 best tips how to find the best Swiss bank for YOU. Based on my “Speedy Account Opening Form” and based on my personal introduction to your future Swiss bank your account can be opened on the same day.
https://wn.com/The_5_Best_Tips_To_Open_Your_Private_Banking_Account_With_The_Best_Swiss_Bank
Bank of China : Private Banking Service Launch Event
5:34

Bank of China : Private Banking Service Launch Event

  • Order:
  • Duration: 5:34
  • Updated: 20 Mar 2014
  • views: 513
videos
To mark the launch of a new private banking service by the Bank of China, an exclusive event was held on the top floor of BOC Tower. Concept Communications helped to build an elegant and memorable experience for all invited guests by partnering with a brand agency in Hong Kong. The event was concluded with an imperssive performance by the world famous Chinese musician Jue Yao which certainly ended the event on a high note. For more succesful event experience, please visit : http://milton-exhibits.com/event-management/
https://wn.com/Bank_Of_China_Private_Banking_Service_Launch_Event
UBS Wealth Management - Best global private bank - Global Private Private Banking Awards 2014
4:15

UBS Wealth Management - Best global private bank - Global Private Private Banking Awards 2014

  • Order:
  • Duration: 4:15
  • Updated: 01 Dec 2014
  • views: 2071
videos
At this year's Global Private Banking Awards ceremony in Geneva, Kathy Shih, head of Wealth Management Asia Pacific at UBS talks to Yuri Bender about the bank's growth strategy, managing costs and its multi-centre approach in Asia in 2014.
https://wn.com/Ubs_Wealth_Management_Best_Global_Private_Bank_Global_Private_Private_Banking_Awards_2014
Private Banking
9:12

Private Banking

  • Order:
  • Duration: 9:12
  • Updated: 25 Aug 2014
  • views: 7809
videos
What are the requirements to open a private bank account? Rene Philippe, Offshore Premium. You can view this video and the full video archive on the Dukascopy.TV page: http://www.dukascopy.com/tv/en/#135115
https://wn.com/Private_Banking
China’s Coming Debt Crisis?
15:30

China’s Coming Debt Crisis?

  • Order:
  • Duration: 15:30
  • Updated: 02 Mar 2016
  • views: 40030
videos
The condition of the Chinese economy is increasingly becoming a significant factor exorcising the minds of global policy makers. Even though China’s most recent data has shown signs of stabilization (and the current turmoil in the Chinese market will likely provide more Chinese policy stimulus via further overinvestment, which could perpetuate this capex bubble in the short term) the world is still paying close attention to the gradual unwinding of the country’s historically unprecedented investment ratio of around 45% to GDP. That ratio (down from a peak of 55%) suggests that China is poised to embark on a powerful accelerator multiplier dynamic to the downside. Add to that ongoing dollar strength, which has inflicted further deflationary pressures on resource producers, most particularly those who have borrowed dollars against declining resource revenues, all of which has put pressure on commodity prices. Is this the domino that can bring down the global economy? What is the nature of the debt? How much is private? Public? How much of it is foreign denominated (a germane consideration, considering the recent weakening of the Chinese currency)? As Professor Yan Liang, a professor of economics at Willamette University, has noted in her research on the country, China's growth model has relied on credit driven, investment led growth in the past decades. Its double-digit growth record has been nothing but impressive. However, this growth model has encountered mounting difficulties and China today is wresting with a vexing problem with debt. A high level debt, coupled with declining quality of debt, has rendered the private sector vulnerable; and yet, aggressive deleveraging could further decelerate the economy, producing a vicious “credit spiral”. So what are the numbers? According to Professor Liang, China's debt to GDP ratio has reached 217% of GDP (or 281% of GDP, if financial sector debt is included) in mid-2014, up from 134% in 2007. This level is rather unprecedented despite China’s long tradition of credit driven growth. Since China’s market reform in the 1980s, State Owned Commercial Banks, the backbone of China’s financial system, have lent generously to State Owned Enterprises (SOEs) to finance the latter’s fixed asset investment. Credit extension helped mobilize resources and facilitate China’s industrialization and urbanization, whereby engendering a Keynesian-Schumpeterian credit-investment-growth cycle. But this model has gradually run out of steam, as it causes debt accumulation, puts a heavy toll on natural resources and generates rising supply glut in recent years. Chinese policy makers have realized the limitation of the growth model and called for rebalancing, shifting demand from credit driven investment and export to consumption. However, the rebalancing plan did not effectively bring about a reduction of debt; rather, leverage heightens and debt continues to accumulate. In the interview below, Professor Liang discusses the challenges facing China and the prospects of managing a challenging "soft landing" that doesn't engender a major global economic calamity.
https://wn.com/China’S_Coming_Debt_Crisis
Private banking dynamics in Asia
5:20

Private banking dynamics in Asia

  • Order:
  • Duration: 5:20
  • Updated: 01 Feb 2017
  • views: 153
videos
https://wn.com/Private_Banking_Dynamics_In_Asia
The right talent for the private banking sector in China
4:02

The right talent for the private banking sector in China

  • Order:
  • Duration: 4:02
  • Updated: 25 Jan 2013
  • views: 611
videos
Learn more at PwC.com - http://pwc.to/VEzdV6 Bhishan Sethi, PwC US Financial Services People and Change Leader, and Susan Hothersall, PwC US Financial Services Manager, discuss finding, developing, and retaining the right talent for the banking sector in China.
https://wn.com/The_Right_Talent_For_The_Private_Banking_Sector_In_China
China approves 2 new private banks
1:22

China approves 2 new private banks

  • Order:
  • Duration: 1:22
  • Updated: 29 Sep 2014
  • views: 227
videos
China has approved the establishment of two new privately owned banks, taking the total number to 5. The new banks will be set up in Shanghai Municipality and Zhejiang Province. The move is being seen as a big step forward for the country’s prosperous banking sector, which is undergoing major transformations.
https://wn.com/China_Approves_2_New_Private_Banks
Head of Private Banking Platform Management, Hong Kong
1:46

Head of Private Banking Platform Management, Hong Kong

  • Order:
  • Duration: 1:46
  • Updated: 04 Nov 2013
  • views: 181
videos
The Head of Private Banking Platform Management reports to the COO, Private Banking and leads a team of Platform Managers. He/she will have overall responsibility for all Client Services Managers (CSM) while each Platform Manager will supervise a subset of Client Services Managers in alignment with each Sales Head. MORE: http://hk.careerintlinc.com/head-of-private-banking-platform-management/
https://wn.com/Head_Of_Private_Banking_Platform_Management,_Hong_Kong
Private banks adapting to serve customer base
2:38

Private banks adapting to serve customer base

  • Order:
  • Duration: 2:38
  • Updated: 05 Jul 2015
  • views: 42
videos
Millions of small businesses in China say they’re in dire need of funding, which raised a question: why small commercial banks are more adaptable than their state-owned peer. CCTV America’s Wu Haojun looks at China’s five pilot banks. Read more: http://www.cctv-america.com/?p=65708&preview_id=65708#ixzz3f3ISKYow Watch us live anywhere at http://www.cctvamericalive.com Follow us: @cctv_america on Twitter | CCTVAmerica on Facebook
https://wn.com/Private_Banks_Adapting_To_Serve_Customer_Base
INDUSTRIAL AND COMMERCIAL BANK OF CHINA
15:43

INDUSTRIAL AND COMMERCIAL BANK OF CHINA

  • Order:
  • Duration: 15:43
  • Updated: 23 Nov 2013
  • views: 1530
videos
https://wn.com/Industrial_And_Commercial_Bank_Of_China
Financial Expert: No Optimism In China's Private Bank Pilot Plan
4:19

Financial Expert: No Optimism In China's Private Bank Pilot Plan

  • Order:
  • Duration: 4:19
  • Updated: 08 Jan 2014
  • views: 190
videos
Follow us on TWITTER: http://twitter.com/cnforbiddennews Like us on FACEBOOK: http://www.facebook.com/chinaforbiddennews China wants banks to tap private capital. The regime has approved a pilot plan to set up three to five private banks. So far, the draft rules for these private banks have not been issued. Experts worry that the current policy and system have not improved and there are many risks to opening private banks. Can the so-called "private bank" operate independently? The pilot plan is likely a black-box operation. On Jan. 6, 2014, China Banking Regulatory Commission (CBRC) reported that the banking sector will open up in 2014. The pilot banks, formed by private capital, are a self-risk financial institution. The regulator has approved the first pilot plan to set up three to five private banks. Former CBRC Chairman Cai E'sheng said that the licenses for the first batch of private banks are expected to be ready before March. Sources say that a handful of online commerce giants including Alibaba, Suning, Tencent and Baidu have submitted applications for licenses. Sheng Hong, deputy director of Beijing Unirule Institute of Economics: "There is nothing to be happy about regarding private banks opening up. They have barely opened one or two and they act like they are doing the public a huge favor. I think there is nothing to be excited about. In a market-oriented economy, people should be allowed to set up in the financial sector." Xie Tian, Business School, University of South Carolina Aiken: "Once the private banks launch, will they be truly independent operations? Can they compete with state-owned banks? This is a big question mark. Under the communist rule and dictatorship, there are risks for private owners to operate with private capital." Guo Tianyong, director of the Research Center of the Chinese Banking Industry at Central University of Finance and Economics told the media that there are three risks for the private banks— operators don't understand the banking industry, Party officials may attempt to make transfers, and anyone who flees with money (a common occurrence in China) when the operation fails will seriously impact society." The CBRC is also planning to widen access for the private sector to the state-assets-dominated banking sector. It wants to guide private capital to participate in the restructuring of the current financial institution. On the other hand, these banks can set up a proper risk management scheme by themselves. Xie Tian: "I am not too optimistic. For private business owners, it may not be a good opportunity. Actually, the regime will not relax the financial sector. Now there is a limited opening, they only approved a few. It is a black-box operation. In a standard country, if anyone wants to set up a private bank and they meet the conditions, they don't need to allow the government to make the decision on how many can be set up." A BBC report said, "China has been looking to open up its tightly-controlled financial sector, to spur a fresh new wave of economic growth." Xie Tian: "Why at this moment does China broaden private capital access to the banking sector? I think it relates to the shortage of money in state-owned banks. They know there is an issue of the shortage of funds, cash flow, liquidity. They intend to use private funds to ease the pressure. Under such a circumstance, we can see that the regime has ulterior motives. They don't really want private capital to grow." Shen Hong: "We don't need to celebrate. They should have done this but they didn't. The state-owned businesses have many debts. The bad debts have lasted for several years, and have reached a bad debt ratio of 30 to 40 percent. They let the taxpayers bear the brunt, isn't it ridiculous?" CBRC's report stated that local governments had a total outstanding debt of 17.9 trillion yuan (US$2.96 trillion) at the end of June 2013, which is more than 2010's 10.7 trillion yuan (US$1.77 trillion). Bloomberg reports that since the financial crisis of 2008, "China has racked up impressive growth in gross domestic product (GDP) by engineering an investment boom, fueled by a surge in easy credit. Total debt has risen sharply, from 125 percent of the GDP in 2008 to 215 percent in 2012."
https://wn.com/Financial_Expert_No_Optimism_In_China's_Private_Bank_Pilot_Plan
China to crack down on underground banking
2:23

China to crack down on underground banking

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  • Duration: 2:23
  • Updated: 26 Aug 2015
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https://wn.com/China_To_Crack_Down_On_Underground_Banking
UOB Private Bank ‘Bicycle’ TV Commercial
1:31

UOB Private Bank ‘Bicycle’ TV Commercial

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  • Duration: 1:31
  • Updated: 01 Jun 2016
  • views: 26522
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https://wn.com/Uob_Private_Bank_‘Bicycle’_Tv_Commercial