by Siu Ngar-Yin Diana, Wong Fung-Yu Eve. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1999. / Includes bibliographical references (leaves 60-61). / ABSTRACT --- p.ii / TABLE OF CONTENT --- p.iv / ACKNOWLEDGEMENT --- p.vi / Chapter / Chapter I. --- INTRODUCTION --- p.1 / Objective --- p.1 / Methodology --- p.2 / Chapter II. --- HISTORICAL OVERVIEW OF FINANCIAL REFORMS (1979-1992) --- p.3 / Banking Reforms from 1979 to 1992 --- p.3 / Reforms since 1994 --- p.5 / Effects of Reforms --- p.7 / Central Bank Autonomy --- p.7 / New Instruments of Monetary Management --- p.8 / Reforms of the Interbank Market --- p.8 / Regulation and Competition --- p.9 / Chapter III. --- TRUST AND INVESTMENT COMPANIES IN CHINA --- p.11 / Emergence of TICs in China --- p.11 / Development of TICs in China --- p.12 / The Early Trust Industry --- p.12 / TICs in the 80s --- p.13 / The Latest Development of TICs --- p.16 / Business Activities of TICs --- p.17 / ITICs --- p.18 / Funding --- p.18 / Regulations and Legal Position of TICs --- p.19 / Minimize Legal Capital --- p.21 / Location and Ownership --- p.22 / Supervision --- p.22 / Prudential Ratios --- p.23 / Participation in the Interbank Market --- p.23 / The Role of TICs in the Economic Reform --- p.24 / Some Important TICs and ITICs --- p.26 / National Level TICs --- p.27 / Provincial Level TICs --- p.29 / Chapter IV. --- THE GITIC INCIDENT --- p.32 / Chapter V. --- IMPACT AND IMPLICATION OF THE GITIC INCIDENT --- p.36 / Possible Problems Lead to the Failure --- p.36 / The Dilemma --- p.40 / Collapse of Confidence --- p.41 / Burden on State Banks --- p.41 / Implications of GITIC Case --- p.42 / Chapter VI. --- RECOMMENDATIONS AND CONCLUSION --- p.46 / Limitations --- p.46 / Recommendations --- p.47 / Conclusion --- p.49 / APPENDIX --- p.50 / Table 1.1 - The Structure of Chinese Financial System (by 1995) --- p.50 / Table 1.2 - Chronology of Economic Reform --- p.52 / Table 1.3 - Chronology of Financial Sector Reform --- p.53 / Table 1.4 - Permitted Business Activities and Managerial Requirements for TICs --- p.54 / Table 1.5 - Prudential Ratios for TICs in China (1994) --- p.56 / Table 1.6 - A Summary of GITIC's Business by 1997 --- p.57 / Figure 1.1 - Composition of Deposits by TICs (1986-1996) --- p.58 / Figure 1.2 - The Supervision of TICs by PBOC --- p.59 / BIBLIOGRAPHY --- p.60