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China's Banking TransformationThe Untold Story$
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James Stent

Print publication date: 2017

Print ISBN-13: 9780190497033

Published to Oxford Scholarship Online: December 2016

DOI: 10.1093/acprof:oso/9780190497033.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 26 September 2021

China’s Banks, Sui Generis?

China’s Banks, Sui Generis?

Chapter:
10 China’s Banks, Sui Generis?
Source:
China's Banking Transformation
Author(s):

James Stent

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780190497033.003.0010

A historical retrospective on Chinese banking history pre-1949 is provided, demonstrating that many of the traits of Chinese banks can be found in pre-communist Chinese banking, demonstrating the extent to which Chinese banking practice is embedded in Chinese culture. Chinese hybrid banking of today’s market socialist economy is compared with the banking systems of the Northeast Asian “developmental states,” with analysis of the similarities with Japan and Korea at comparable stages in their development. This is followed by pointing out that criticism of Chinese hybrid banking under market socialism does not take account of the differences that exist between Anglo-American market capitalism and the cooperative capitalism of countries such as Germany and Japan.

Keywords:   Chinese banking history, developmental states, Korea, Japan, cooperative capitalism

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