Matching Items (2)
Filtering by
Description
Accompanying with the development of economy system and the completion of legal framework, Chinese domestic PE industry not only transfused vigor and vividness to capital market, but also generated contribution to substantial economy with a rapid pace in recent decades.
Depending on the first move advantage and an affinity with Chinese government, PE industry initially was led by state-owned enterprises. However, these non-market-oriented PE institutions confronted challenge from the perspective of culture, structure and mechanism and crises of outflow of human capital and lacking capability of sustainable development while private section and foreign capital enter the market.
Based on the figure of PE investment and the pattern of historical development in foreign and domestic market, this article specifically analyzed the history of state-backed PE industry‘s development and both advantage and disadvantage of state-backed PE institutions according to real cases intending to improve the competitive strength of state-backed enterprises and to promote a state-backed PE institutions to world-class enterprises through the application of a multi-dimensional stock equity structure, the advantage in accessibility of resource as state-backed enterprises, a market-oriented system and the ability of key staffs.
Depending on the first move advantage and an affinity with Chinese government, PE industry initially was led by state-owned enterprises. However, these non-market-oriented PE institutions confronted challenge from the perspective of culture, structure and mechanism and crises of outflow of human capital and lacking capability of sustainable development while private section and foreign capital enter the market.
Based on the figure of PE investment and the pattern of historical development in foreign and domestic market, this article specifically analyzed the history of state-backed PE industry‘s development and both advantage and disadvantage of state-backed PE institutions according to real cases intending to improve the competitive strength of state-backed enterprises and to promote a state-backed PE institutions to world-class enterprises through the application of a multi-dimensional stock equity structure, the advantage in accessibility of resource as state-backed enterprises, a market-oriented system and the ability of key staffs.
ContributorsChen, Zhihai (Author) / Wang, Tan (Thesis advisor) / Hwang, Yuhchang (Thesis advisor) / Chen, Hong (Committee member) / Arizona State University (Publisher)
Created2015
Description中国改革开放以来经济高速发展，一部分人群快速积累了大量财富，迫切需要专业机构对其财富进行有效管理，激发了中国私人银行市场的蓬勃发展。本文利用M银行全部私人银行网点的客户资产配置数据，以省级行政单位为划分，从核心公共资源供给角度出发，探究地区公共资源财政支出对私人银行客户数量增长和资产配置的影响。本文通过实证研究发现：（1）在人均公共安全财政支出较高、人均公共教育财政支出较低的地区，即公共安全资源相对匮乏、公共教育资源相对丰富的地区，私人银行客户规模增速较快；（2）在人均公共安全财政支出较高，即公共安全资源相对匮乏的地区，高净值人群会积极配置流动性良好的银行存款类产品和保险类产品，同时会减少配置高风险、高收益的理财类产品和基金类产品；（3）在人均公共医疗卫生财政支出较高，即公共医疗资源相对匮乏的地区，高净值人群会积极配置银行存款类产品，同时减少保险类产品和理财类产品的配置比例；（4）在人均公共教育财政支出较高，即公共教育资源相对匮乏的地区，高净值人群会积极配置银行保险类产品和理财类产品，同时减少存款类产品的配置比例。
ContributorsMa, Ying (Author) / Shen, Wei (Thesis advisor) / Wu, Fei (Thesis advisor) / Wang, Tan (Committee member) / Arizona State University (Publisher)
Created2021