The Analysis of the Potential Influences on Our Banks due to the Financial Liberalization in Mainland China

• Main Authors: Wang, Bo-Jen, 王博仁
• Other Authors: Lee, Tsung-Pei
• Format: Others
• Language: zh-TW
• Published: 2015
• Online Access: http://ndltd.ncl.edu.tw/handle/85347079064664760700

碩士 === 輔仁大學 === 金融與國際企業學系金融碩士在職專班 === 103 === From GATT to WTO cum, with various free trade agreements between countries , in this inevitable wave of global trade liberalization, for the multilateral and plurilateral trade signing of the agreement, there is a great impact on Taiwan’s trade as the economic lifeline. Unfortunately, Taiwan’s external relations are under the constraints from the other side. In order to break this embarrassing situation, Taiwan government signed the "cross-strait economic cooperation framework agreement" in June, 2010, expecting to achieve the free trade agreements on various purposes signed with other nations or regions. However, the ECFA follow-up services trade agreement has brought huge influences on the development of Taiwan's financial industry. This study will view the contents of the service trade agreement recently signed with Taiwan's government and the Mainland China, and discuss the potential influences of the financial liberalization on Taiwan banks. In the meanwhile, through the CEPA signed between Hong Kong and mainland China, the study viewed the impact of the agreement on Hong Kong as the preparation for our negotiations or agreements of Strategies to China in the future. With the signing of the ECFA early harvest list of the commencement and services trade agreement, the national banks got the opportunities to enter the huge potential market in Chinese mainland, not only to expand their financial territory, but also to improve their increase profit. Generally speaking, it takes more advantages than disadvantages. However, in the opening, it could also cause the systematic risk of over-excessive concentration to the west , and the loss of financial talents due to the upgrading of development opportunities. On the other hand, in the part of financial liberalization, we got less offers than Hong Kong. Although in the beginning, it did have significant results on Hong Kong's financial industry vertical employment, market expansion and economic growth, they've been losing their economic autonomy. With the accelerate financial reforming and the liberalization of financial markets in China, the financial center of Hong Kong would have been an unprecedented challenge, even been marginalized. Therefore, its subsequent development is quite worthy of our close observation and research. Meanwhile, our government should learn a lesson from it and make good use of the China's cross-strait agreement on the occasion be it for the lesson of, make good use of the negotiation process to gain equal or even more favorable developing conditions, such as: to choose the business stronghold freely, to reduce the amount of new agency, to cancel the service object and consumer finance business project limits. At the end of the study, it compiled and provided the following comments as the reference when our financial industry leads his army toward the west : First, the development strategy by imitate Taiwanese companies’ every move. Second, a unique advantage to expand the financial services for the local businesses. Third, using the agreement and the preferential policies, set the market segment. Fourth, coordinating with the financial development policy of the Chinese mainland, win the advantage of development first. Fifth, the development of the electronic payment systems and the online banking. Sixth, limiting the proportional amount that our domestic financial industry exposures in Mainland China.