外资银行在中国投资的区位选择[文献翻译].docVIP

本科毕业论文外文翻译 外文题目：Determinants of Location Choice of Foreign Banks Within China 出 处：Financial Innovation and Economic Growth 作 者：Chung-Hua Shen，Qi Liang ， Xiang-Chao Hao 原 文： Determinants of Location Choice of Foreign Banks Within China Abstract This chapter investigates location choice of foreign banks within China based on a panel data of 40 cities. Our empirical results show that the market opportunity is the most crucial factor to affect foreign bank decision to enter China cities. The labor cost is also important and the high labor cost of a city attracts more foreign banks. But the restriction on the locations of Renminbi business operation is very limited. Furthermore, we find that the city infrastructures like hardware and software environments strongly enhance the relation between market opportunity and foreign bank penetration. Keywords ：foreign banks ，location choice ，regulation Introduction International banking activity has increased considerably in recent years. This development has motivated an increased interest in identifying the factors responsible for the growth and distribution of banking activity. Recently, China has gradually opened its domestic banking market according to the commitment of joining WTO. This gradual opening immediately attracts foreign banks to accelerate their investments in China, hoping to occupy favorable positions in the future competition. Thus, what factors affecting foreign banks set up overseas offices in China becomes an interesting question. Previous works propose four models to investigate the determinants of international bank behaviors. The following client model, the first one, suggests that foreign banks set up the overseas offices passively in order to maintain strategic relations with the former domestic customers (Nigh et al., 1986; Goldberg and Gross