by Au Yeung Yuk Hang, Tong Henry. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1999. / Includes bibliographical references (leaves 84-89). / TABLE OF CONTENTS / ABSTRACT --- p.ii / TABLE OF CONTENT --- p.iii / LIST OF TABLES --- p.vi / LIST OF FIGURES --- p.vii / Chapter / Chapter I. --- INTRODUCTION --- p.1 / Chapter II. --- METHODOLOGY --- p.4 / Chapter III. --- FAVORABLE OUTCOMES --- p.5 / Synergy Effects --- p.5 / Economies of Scale --- p.6 / Economics of Scope --- p.7 / Better Management --- p.7 / Attract and Retain Talents --- p.8 / Tax Benefits --- p.8 / Risk Diversification --- p.9 / Assets (Loan) --- p.10 / Liabilities (Deposit) --- p.11 / Earnings --- p.12 / Increase Market Share --- p.12 / Entry into New Market --- p.14 / Improve Financial Performance --- p.14 / Too Big To Fail --- p.15 / Ability to Issue Highly-rated Paper --- p.15 / Cheaper Offered Price --- p.16 / Too Big To Swallow --- p.17 / Chapter IV. --- CAUSES OF FAILURE --- p.18 / Culture Clashes --- p.21 / Management Changes --- p.22 / Customer Grievance --- p.23 / Employees Dissatisfaction --- p.24 / Computer System --- p.24 / Y2K Problem --- p.25 / Controversy before merger or acquisition --- p.26 / Relationship between Acquirer Bank and Acquired Bank --- p.27 / Lack of Agreed Objective --- p.27 / Unfulfilled Acquirer Bank Management Promises --- p.28 / Improper or Unstable Position in the merged bank --- p.29 / Over Dependence on a Few Executives --- p.30 / Acquired Bank Out of Acquirer Bank's Expectation --- p.30 / Acquirer Bank Deceived by Acquired Bank --- p.31 / Paid Too Much --- p.32 / Corporate Indigestion --- p.32 / Acquirer bank does not understand the business of the acquired bank --- p.33 / Improbable Events --- p.33 / Family Control --- p.34 / Anti-takeover Response --- p.35 / Litigation by Target Firm --- p.36 / Poison Pills --- p.36 / Greenmail --- p.36 / Keeping the Stock Price at High Level --- p.37 / White Knight --- p.37 / Chapter V. --- CASE STUDY: THE ACQUISITION OF OVERSEAS TRUST BANK (OTB) BY DAO HENG BANK (DHB) --- p.38 / Introduction --- p.38 / Company Background before the Acquisition --- p.39 / Dao Heng Bank (DHB) --- p.39 / Overseas Trust Bank (OTB) --- p.40 / Highlights in Acquisition --- p.42 / Timetable of Major Events --- p.42 / Financing Package --- p.43 / Favorable Outcomes to Dao Heng Bank in the Acquisition --- p.43 / Gigantic Organic Growth and Being One of Regional Banking Leaders --- p.44 / Extraordinary Financial Performance --- p.44 / Improving Operating Efficiency by Synergy --- p.45 / Risk Diversification --- p.47 / Adequate Capital for Exploring New Opportunities --- p.48 / "Recruitment, Retention and Retraining Banking Professionals for Future Development" --- p.49 / Able to Issue High-rated Paper --- p.50 / Difficulties to Dao Heng Bank in the Acquisition --- p.50 / Culture Clashes --- p.51 / Sudden Change of Management Level --- p.51 / Maintaining the Customer Confidence --- p.52 / Agreement with the Government --- p.52 / Employees Distress and Dissatisfaction --- p.52 / The Compatibility of Computer System --- p.53 / Chapter VI. --- RECOMMENDATIONS --- p.54 / Structural Changes --- p.55 / Criteria of a healthy Structural Change --- p.55 / Process and Operating System Changes --- p.55 / Culture Change --- p.56 / Good Planning --- p.57 / Easing Culture Clash --- p.58 / Respecting Cultures --- p.58 / Systematically Learning about Partners' Cultures --- p.59 / Determine Merged Culture --- p.60 / Employee Satisfaction --- p.60 / Good Employee Communication --- p.61 / Manage Psychological Force & Emotional Climate --- p.63 / Reward Right People and Let Wrong People Go --- p.63 / Get Employee Involved --- p.64 / "Deal with Disparities in Compensation, Benefits, and Incentive Programs" --- p.64 / Customer Retention --- p.65 / Focus on the Business Customer Base --- p.65 / Deal with Customers' Uncertainty --- p.66 / Conducts Extensive Researches --- p.66 / Measuring Customers Satisfaction --- p.67 / Recognize and Reward Top Retainers --- p.67 / Computer Systems --- p.68 / Determining business requirements --- p.68 / Due Diligence --- p.68 / Assessing compatibilities --- p.69 / Setting priorities --- p.69 / Developing an integration plan --- p.70 / Well Documentation --- p.70 / Get System managers involved before Mergers and Acquisitions --- p.71 / Y2K Problem --- p.71 / Chapter VII. --- FUTURE PROSPECT --- p.72 / APPENDIX 1 --- p.74 / APPENDIX 2 --- p.77 / APPENDIX 3 --- p.80 / APPENDIX 4 --- p.81 / APPENDIX 5 --- p.82 / APPENDIX 6 --- p.83 / BIBLIOGRAPHY --- p.84

by Sze Ho-Yee. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1999. / Includes bibliographical references (leaves 48-49). / ABSTRACT --- p.ii / TABLE OF CONTENTS --- p.iii / Chapter / Chapter I. --- INTRODUCTION --- p.1 / General Background --- p.1 / Research Objectives --- p.3 / Framework of the Study --- p.3 / Chapter II. --- LITERATURE REVIEW --- p.4 / Chapter III. --- TYPICAL CENTRAL BANK FUNCTIONS --- p.8 / Policy Function --- p.8 / Banking Function --- p.9 / Prudential Function --- p.10 / Developmental and Research Function --- p.10 / Chapter IV. --- A REVIEW OF THE BANKING INDUSTRY IN CHINA --- p.12 / The Central Bank --- p.12 / State Specialized Banks --- p.13 / Policy Banks --- p.14 / Other Commercial banks and Foreign Banks --- p.15 / Chapter V. --- ROLE OF THE PEOPLE'S BANK OF CHINA AND THE UNDERLYING LEGAL FRAMEWORK --- p.16 / Formation of PBOC --- p.16 / Establishment of a legal framework for the Central Bank - PBOC --- p.17 / Autonomy of the Central Bank - PBOC --- p.17 / Primary Objective of the Central Bank - PBOC --- p.18 / Functions of the Central Bank - PBOC --- p.19 / Monetary Control --- p.19 / Prudential Regulatory Control --- p.21 / Currency Issuance and Payment Transfer Systems Control --- p.21 / Legal Entity --- p.22 / Chapter VI. --- EVOLUTION OF THE ROLE OF THE PBOC --- p.23 / "PBOC as a ""Monobank""" --- p.24 / PBOC as an Independent Ministry --- p.25 / PBOC as the Central bank --- p.26 / Independence of the PBOC --- p.27 / Degree of autonomy for the PBOC --- p.28 / Chapter VII. --- FACTORS CONTRIBUTING TO THE CHANGES OF PBOC'S ROLE --- p.30 / Institutional Change --- p.30 / Economic Reforms --- p.32 / Market Competition --- p.33 / Chapter VIII. --- CONCLUSION --- p.35 / APPENDIX --- p.37 / BIBLIOGRAPHY --- p.48

As China's accession to World Trade Organization is certain, China is now at the critical stage of changing from a planned economy to a market economy and the banking system is also undergoing dramatic changes. By focusing on the local and foreign currency loan markets for foreign invested enterprises in China, this thesis can make three major contributions: (1) providing the first empirical research to test the theories of financial intermediation in China; (2) modeling the competition among local and foreign banks by analyzing the borrowing pattern of foreign invested enterprises and their reliance on foreign and local banks; (3) examining the role of relationship banking and other factors in determining the loan pricing of both local and foreign currency loans by foreign and local banks. / From the empirical results, I found empirical support to the financial intermediation theories that the longer the banking relationship, the lower the rate on the foreign currency loans, suggesting that the length of relationship as a proxy for the private information the bank obtains over the course of relationship helps overcome information asymmetry between the banks and the foreign invested enterprises in the sample. I also found empirical support to the rate reducing effects of other key factors such as the majority shareholding by the foreign sponsors and provision of third party guarantee. However, none of these important factors are associated with the renminbi-denominated loan pricing. That points to the primary issue of the prevailing banking system in China that the regulated local currency interest rates prevented the commercial banks from playing a "real" role of financial intermediation. The empirical test also shows that the local currency loan pricing will be reduced as FIEs maintain relationship with more banks. This suggests that banks compete for customers by offering cheaper credits. If competition is the predominant determinant of loan pricing and that such level of competition does not stimulate more innovative and better quality bank services and products as a means of differentiation, the inflexible Renminbi loan pricing will ultimately deteriorate the profitability of the banks and affect the financial health of the banking system. / Whilst China's accession to WTO is now certain, the liberalization of local currency interest rates will take time and be approached cautiously, and ultimately, hinge on the success of the banking reform and the institutional strengthening of Chinese banks. (Abstract shortened by UMI.) / Poon Kai-leung. / "January 2002." / Adviser: He Jia. / Source: Dissertation Abstracts International, Volume: 63-05, Section: A, page: 1936. / Thesis (Ph.D.)--Chinese University of Hong Kong, 2002. / Includes bibliographical references (p. 98-106). / Electronic reproduction. Hong Kong : Chinese University of Hong Kong, [2012] System requirements: Adobe Acrobat Reader. Available via World Wide Web. / Electronic reproduction. Ann Arbor, MI : ProQuest dissertations and theses, [200-] System requirements: Adobe Acrobat Reader. Available via World Wide Web. / Abstracts in English and Chinese. / School code: 1307.

by Fung Pak-Wai Patrick. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1997. / Includes bibliographical references (leaves 45-47). / ABSTRACT --- p.ii / TABLE OF CONTENTS --- p.iii / LIST OF ILLUSTRATIONS --- p.v / LIST OF TABLES --- p.vi / ACKNOWLEDGMENTS --- p.vii / CHAPTER / Chapter I. --- INTRODUCTION --- p.1 / Chapter II. --- BANKING STRUCTURE AND THE DISCLOSURE CHANGE --- p.4 / Pre-1994 disclosure requirement --- p.5 / Reasons for Change --- p.9 / New Disclosure Requirement --- p.11 / Comparison with the disclosure requirement of IAS 30 --- p.13 / Chapter III. --- EMPIRICAL LITERATURE REVIEW --- p.18 / Chapter IV. --- METHODOLOGY --- p.21 / The Sample --- p.21 / The Data --- p.22 / The Models --- p.23 / Chapter V. --- FINDINGS --- p.26 / Comparison of Predicted with Actual Returns During the Issuance Period --- p.26 / Disaggregation of the Sample: Significance Tests --- p.30 / Interpretation of Results --- p.32 / Chapter VI. --- CONCLUSIONS --- p.33 / APPENDIX --- p.34 / BIBLIOGRAPHY --- p.45

by Chan Wing-Fung. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1997. / Incldues bibliographical references (leaves 71-73). / ABSTRACT --- p.ii / TABLE OF CONTENTS --- p.iv / LIST OF TABLES --- p.vi / ACKNOWLEDGEMENTS --- p.vii / Chapter / Chapter I. --- INTRODUCTION --- p.1 / Internet banking --- p.1 / Chapter II. --- INTERNET BANKING: AN OVERVIEW --- p.4 / Banking Evolution --- p.4 / The Emergence of Internet Banking --- p.7 / Find/SVP Survey on Internet Banking --- p.9 / General Performance Attributes of Internet --- p.11 / Internet as a new delivery channel --- p.13 / Product --- p.13 / Price --- p.14 / Brand --- p.15 / Customer Service --- p.15 / Categories of Internet banking --- p.17 / Net presence --- p.17 / Interactive Sites --- p.18 / PC Home Banking --- p.19 / Full Internet Banking --- p.20 / The opportunity and the threat --- p.21 / Internet Banking in U.S --- p.23 / Internet Banking in Hong Kong --- p.28 / Chapter III. --- LITERATURE REVIEW --- p.32 / Books --- p.32 / Magazines --- p.33 / Reports and Papers --- p.36 / Journals --- p.38 / Chapter IV. --- METHODOLOGY --- p.41 / Objective --- p.41 / Methodology --- p.42 / Questionnaire --- p.43 / Chapter V. --- RESULTS --- p.47 / Demographic information --- p.47 / PC and Internet usage --- p.49 / Banking behaviour --- p.49 / Attitude towards new services --- p.50 / Attitude towards Internet banking --- p.54 / Chapter VI. --- CONCLUSIONS --- p.60 / Appendix / Chapter 1. --- QUESTIONNAIRE --- p.63 / Chapter 2. --- CODING FORMAT --- p.68 / Chapter 3. --- BIBLIOGRAPHY --- p.71 / Books --- p.71 / Magazines --- p.71 / Reports and Papers --- p.72 / Journals --- p.72 / Web sites --- p.73 / Chapter 4. --- LOCAL BANKS HOMEPAGES --- p.74

by Leung Chui Yuk, Wu Peng. / Thesis (M.B.A.)--Chinese University of Hong Kong, 2002. / Includes bibliographical references (leaves 56-59). / ABSTRACT --- p.ii / TABLE OF CONTENTS --- p.iii / LIST OF FIGURES --- p.v / LIST OF TABLES --- p.vi / Chapter / Chapter I. --- INTRODUCTION --- p.1 / Development of Banking System in China --- p.1 / Highlighted Banking Reform --- p.5 / History of Foreign Banks in China --- p.6 / Foreign Banks in Old Days (1845-1955) --- p.6 / Foreign Banks New Age (1979-Present) --- p.10 / Chapter II. --- CURRENT STATUS OF FOREIGN BANKS IN CHINA --- p.14 / Growing Representative Offices and Branches --- p.14 / Nationality Distribution of Foreign Banks --- p.16 / City Distribution of Foreign Banks --- p.17 / Small Asset Scale --- p.19 / Low Loan and Deposit Balances --- p.23 / High Loan / Deposit Ratios --- p.24 / Low Non-performing Loans --- p.26 / High Return on Assets --- p.28 / Better Educated Employees --- p.29 / Chapter III. --- FOREIGN BANK LAWS IN CHINA --- p.31 / PRC - Foreign-Funded Financial Institutions Regulations --- p.33 / Major Changes --- p.35 / Chapter IV. --- STRENGTHS & WEAKNESSES OF FOREIGN BANKS --- p.40 / Strengths --- p.40 / Weaknesses --- p.42 / Chapter V. --- CONCLUSION --- p.47 / Roadblocks Still Exists --- p.47 / Bigger Becomes Bigger --- p.48 / Fight for the High-end Corporate Customers --- p.48 / Target the Rich --- p.49 / Win Strategic Location --- p.49 / Branches Too Expensive --- p.50 / Electronic Banking as Alternative --- p.50 / M&A as Effective Strategy --- p.51 / Expansion to Other Financial Sectors --- p.51 / APPENDIX --- p.53 / BIBLIOGRAPHY --- p.56

University of Macau / Faculty of Law

published_or_final_version / Business Administration / Master / Master of Business Administration

published_or_final_version / Sociology / Master / Master of Social Sciences

by Yu Ying Choi Alan Abel. / Bibliography: leaves 72-73 / Thesis (M.B.A.)--Chinese University of Hong Kong, 1985