CPE+F09+Class+12+Finance

CPE+F09+Class+12+Finance - 1990s: Chief, Bank of China’s...

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Class 12: Reforming the Financial System
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Industry Analysis Reports Report title: “__ __: Your Theme” Defend theme in each part. All parts should be connected to each other. Utilize course readings as well as outside sources. Use proper citations, with page numbers. Imitate the syllabus. Paper due Tuesday, Oct 13, 1:00 pm. No late papers will be accepted. Presentations: 5-min max. If using PPT, arrive at 12:50 pm, with PPT on USB device.
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Risk Analysis Paper Sign-up today
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Financial System Components Banks (retail, investment, curb) Stock Market Bond Market Commodities Market Private equity Insurance
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NPLs (a) - - - - - - - - - - - NPL Ratio = Total Loans (b) To Improve the NPL Ratio: Reduce (a) Write-off/forgive bad loans. Shift NPLs from the banks to Asset- Management Companies (AMCs) Increase (b) Recapitalize the banks so that they can make new loans, with or without regard to quality
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Liu Mingkang 1985-87: City University of London
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Unformatted text preview: 1990s: Chief, Bank of China’s Jiangsu, London, and Fujian branches 1994-98: Chief, State Development Bank 1998-99: Vice Governor, People’s Bank of China 1999-2000: Everbright Bank Widening the Financial System Beyond Banking: Why? • Provide more investment options for savers. • Provide more capital to investors. • Take pressure off banks. • Improve corporate governance of companies receiving and investing these funds. Intensify market discipline . Bond Market • Government vs. Corporate Bonds • Debt • Pricing of Bonds: Credit Rating • Credit Rating reflects risk of default, not quality of company overall • Link between ratings and interest rates – Standard corporate bonds – Short-term commercial paper – Medium-term commercial paper You be the ratings expert Ratings Scale • AAA • AA • A • BBB----------------- Non-investment grade • BB • B • CCC • CC • C...
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This note was uploaded on 09/02/2011 for the course EALC-E 393 taught by Professor Scottkennedy during the Fall '09 term at Indiana.

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CPE+F09+Class+12+Finance - 1990s: Chief, Bank of China’s...

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