Red Capitalism (43 page)

influence on bank dividend policy

interest on 2007 Special Bond

investment in Huijin

planned use of original capital

China Jianyin Investment Corporation

China Life Insurance

China Merchant Bank

China Merchant Energy Shipping

China Metallurgical Group

China Minsheng Bank

China Mobile

as first National Champion

IPO structure

IPO valuation methodology

political significance of restructuring

China National Nuclear Group

China National Offshore Oil

China National Petroleum Group

China North Industries Group

China Oilfield Services

China Pacific Insurance

China public debt

as percentage of GDP

comparison with other countries

estimated interest burden

foreign holdings of

impact on financial reform

scope of

social-security obligations

trend in public debt

China Railway Construction

China Railway Group

China Reinsurance

China Securities Regulatory Commission (CSRC) (
see also
Shang, Fulin)

China Shenhua Energy

underpricing of IPO

China Shipbuilding Industry Group

China Shipping Container

China Southern Power Grid

China South Industries Group

China State Construction Engineering

China Telecom (
see also
China Mobile)

China Unicom

China United Network Communications

Chinese financial system

catalyst for corporate transformation

political ornament

Chinese government bond (CGB)

as part of public debt

diversification of institutional investors

issuance

net new-debt issues

pricing

primary dealer

roll-over of debt

secondary market

ChiNext market (
see also
stock markets)

Chongqing

Cinda Asset Management Company (
see also
asset-management companies

investment in Beijing Financial Asset Exchange

Citibank

CITIC Industrial Bank

Citic Pacific

CITIC Securities

Citigroup

COFCO

commercial paper (CP) (
see also
bonds)

Communist Party of China

central
nomenklatura
list

family-based patronage system

Organization Department

CSFB

Cultural Revolution

D

Daqing Oilfield Co. Ltd.

Daqin Railway

Datang International Power

Deng, Xiaoping

Deutsche Bank

Dimon, Jamie

Dongfeng Motor

E

Eastern Communications

economic liberalization

economic zones

European Economic Community

ExxonMobile

F

Federal Deposit Insurance Corporation (FDIC)

Fengfu Housing and Savings Bank

financial crises (Argentina, Greece, Mexico, Spain)

Financial Stability Bureau

First Auto Works

foreign direct investment (FDI)

Bird Cage theory

Geography

investment-vehicle structure

trends in

World Trade Organization impact

foreign exchange reserves

money supply

trends in

Fortune 500

Fujian

Fujian Industrial Bank

G

Gansu

Gao, Jian

Gao, Xiqing

Goldman Sachs (
see also
China Mobile)

Google

Gorbachev, Mikhail

Government Investment Company of Singapore (GIC)

Great Leap Forward

Great Wall Asset Management Company (
see also
asset-management company)

Gross Domestic Product (GDP)

Guangdong

Guangdong Development Bank

Guangdong Enterprise

Guangdong International Trust & Investment Corporation (GITIC)

bankruptcy

credit rating

liquidation

Guangshen Railway

Guangxi

Guangzhou

Guizhou

Guo, Shuqing

Guotai Junan Securities

H

Haier Group

Haikou

Hainan

Hainan Real Estate Bust

Hebei

Hebei Iron & Steel Group

Heilongjiang

Henan

Hong Kong

Hong Kong Stock Exchange

acceptance of Chinese audit firms

as percentage of bank deposits

growth from regional exchange

household savings

investors in bonds

HSBC

H-shares

and centralization of economic power

early batches of

impact on Hong Kong Stock Exchange

introduction of Western finance

near failure of reform

Huang, Ju

Huang, Yantian

Huarong Asset Management Company (
see
asset-management company)

Huaxia Bank

Hubei

Huida Asset Management Company

Huijin (
see also
Central SAFE Investment Corporation)

Hunan

I

ICBC Trust

Industrial and Commercial Bank of China (ICBC) (
see also
banks)

foreign participation

holdings by investor type

infrastructure

issuance by issuer

issuance by product

membership

national budget

pricing in primary market

repo

risk

structural change in investors

trading by product

trading volume

yield curve

Industrial and Commercial Bank of China (ICBC) (
see also
banks)

financial restructuring

investment in AMC

market capitalization

strategic investors in IPO

Industrial Bank

inflation (
see also
2007 Special Treasury Bond)

administrative intervention

and loan growth

anti-inflation policy

deposit-reserve ratio

exchange rate

impact on bank bond portfolios

interest rates

PBOC short-term notes

initial public offering (IPO)

Inner Mongolia

inter-bank bond market

contrast with stock market

daily price fixing

International Financial Corporation (IFC)

international money managers

International Team (
see
National Champions)

investment banks

and China Mobile

role in creating National Champions

J

Japan

Jiang, Jiemin

Jiang, Zemin

Jiangsu

Jiangxi

Jilin

Jinduishen Molybdenum

JPMorgan Chase

K

Kang, Rixin

Ka Wah Bank

KPMG

Kumagai Gumi

L

Lehman Brothers

bankruptcy of

impact on financial reform

Li, Jiange

Liaoning

Liaoning Publishing

Lin, Changyin

Lin, Zuoming

Liu, Hongru

Liu, Shiquan

Liu, Zhenya

local-government debt (
see also
local governments)

amount of

bank borrowing

debt issues

local financing platforms

local governments (
see also
China public debt)

2009 stimulus package

bank borrowing

financial resources

financing platform means of financing

fiscal deficit

incorporation of government bureaus

provincial government debt issuance

Lou, Jiwei

Louis Vuitton

Lujiazui Finance & Trade Zone

M

Maanshan Iron & Steel

Mao, Zedong

Marx, Karl

Medium-term note (MTN) (
see
bonds)

Mercedes Benz

merger and acquisition (M&A)

Merrill Lynch

Military Weapons Equipment Company

Ministry of Chemicals

Ministry of Coal Industry

Ministry of Finance (MOF) (
see also
China Investment Corporation)

1998 Special Bond

2007 Special Bond

bank-restructuring model

co-managed problem-loan account

criticism of PBOC reserve management

IOUs

rivalry with PBOC

Ministry of Labor and Social Security

Ministry of Machine-Building

Ministry of Metallurgy

Ministry of Petroleum

Ministry of Posts and Telecommunications (MPT) (
see also
China Mobile)

Ministry of Power

Ministry of Railways (MOR)

Moody’s Investors Services

Morgan Stanley (
see also
investment banks)

N

Nanjing Public Utility Holdings Co. Ltd.

National Association of Financial Market Institutional Investors (NAFMII)

approval process for bond issuance

National Champions

as jumbo investors in IPOs

as the government

CEOs on Central Committee

creation of

overseas IPOs

policy need for

National Development and Reform Commission (NDRC)

criticism of PBOC

enterprise bonds

opposition to MTNs

view of commercial paper

National People’s Congress (NPC)

National Social Security Fund

National Team (
see also
National Champions)

net asset value

New York

New York Stock Exchange (NYSE)

Ningxia

Noble Group

non-government organization (NGO)

non-performing loan (NPL)

acquisition by AMCs

as part of public debt

commercial auction of

spin-off of

trends of

write-down of

O

Olympics

Organization Department (
see also
Communist Party of China)

Orient Asset Management Company (
see also
asset-management company)

P

Panzhihua Steel

People’s Bank of China (PBOC)

anti-inflation tools

as sponsor of stock markets

balance sheet

bank-restructuring model

deposit rate

financial stability costs

foreign-exchange reserves

inflation

local branches and Party influence

rivalry with MOF

short-term notes

Special Bills

People’s Construction Bank of China (
see also
China Development Bank)

People’s Insurance Company of China

People’s Liberation Army

PetroChina

underpricing of IPO

Ping An Insurance

Postal Savings Bank

provincial government debt (
see
bonds)

Q

Qinghai

Qualified Domestic Institutional Investor (QDII)

Qualified Foreign Institutional Investor (QFII)

R

Red Chips

regulators

regulatory fiefdoms

Super Financial Regulator

Resolution Trust Corporation (RTC)

loan-recovery rate

savings-and-loan crisis

restructuring receivables

as percentage of bank capital

yield vs. bonds and loans