Foreign Investment in Chinese Banking Sector: HR Challenges
written by S. Chaudhuri, fl. 2010 (Hyderabad, Andhra Pradesh: IBS Center for Management Research, 2009, originally published 2009), 9 page(s)
Details
- Abstract / Summary
- The phenomena of mergers and acquisitions, globalisation and internationalisation of products and services and changes in organisational structures became a global trend in the developing countries. Although the Chinese banking industry was not an exception to it, there was a basic difference in their reform process to that of the other developing economies. While most of the developing nations had to adopt the trend set by the global banking giants, China had made its own norms and forced those banking giants to comply with it. Mergers and acquisitions had been replaced by strategic partnership to a maximum permissible limit of 20%, while the total foreign ownership in any bank was capped at 25%. The universal banks developed customized lending policies, bank cards and asset management products to cater to the huge retail banking market. But to appropriately manage the human resources, such international strategic alliances had to develop an understanding of stakeholder interests, aspirations and needs. Successful implementation of international joint ventures was thus a huge challenge for all the banks. The foreign partner not only needed to be strategically fit and complementary to the Chinese bank, but also had to adopt the Chinese culture and value system, and had to gradually modify the system to make it more beneficial.
- Field of Interest
- Business & Economics
- Author
- S. Chaudhuri, fl. 2010
- Copyright Message
- Copyright © 2009 by IBS Center for Management Research
- Content Type
- Case study
- Duration
- 0 sec
- Format
- Text
- Original Publication Date
- 2009
- Page Count
- 9
- Publication Year
- 2009
- Publisher
- IBS Center for Management Research
- Place Published / Released
- Hyderabad, Andhra Pradesh
- Subject
- Business & Economics, Social Sciences, Finance, International Business, International relations, Human resource management, Organizational change, Organizational structure, Banks and banking, Finance and Insurance, Management of Companies and Enterprises, Finanzas, Finanças, Negócios Internacionais, Negocios Internacionales, China, Internationalization of Firms, Chinese
- Keywords and Translated Subjects
- Finanzas, Finanças, Negócios Internacionais, Negocios Internacionales
