COMPARATIVE VIEW ON THE MARKET ACCESS SUPERVISION OVER FOREIGN BANKS IN CHINA AND HONG KONG

Abstract

In recent years, with the deepening of economic and financial integration in the world, more transnational banks intend to access China markets for doing business, and therefore the voices for opening China’s domestic markets as well as improving foreign bank market access supervision are high.  The thesis introduces mainland China’s foreign bank market access supervision, including its supervisory regime, legislative pattern, legal requirements and the procedures of foreign bank market access, and then provides a comparative perspective with Hong Kong’s foreign bank market access supervision. Based on such comparison between mainland China and Hong Kong, the thesis outlines four main issues of foreign bank market access supervision in mainland China, including its decentralized supervisory regime, disorganized supervisory legislative system, strict business access restrictions, and unreasonable access procedures, and proposes solutions in response to these issues by taking reference from Hong Kong’s advanced experience.