In Pursuit of Presence or Prominence?

Abstract

The Current Chinese Economic Reports series provides insights into the economic development of one of the largest and fastest growing economies in the world; though widely discussed internationally, many facets of its current development remain unknown to the English speaking world. All reports contain new data, which was previously unknown or unavailable outside of China. The series covers regional development, industry reports, as well as special topics like environmental or demographical issues. The print edition is not for sale in China Mainland. Customers from China Mainland please order the print book from: Zhejiang University Press. Library of Congress Control Number: 2018931476© Zhejiang University Press and Springer Nature Singapore Pte Ltd. 2018 This work is subject to copyright. All rights are reserved by the Publishers, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publishers, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publishers nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publishers remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Printed on acid-free paperThis Springer imprint is published by Springer Nature The registered company is Springer Nature Singapore Pte Ltd. The registered company address is: 152 Beach Road, #21-01/04 Gateway East, Singapore 189721, Singapore This year, we carried out a detailed analysis of selected 16 representative international banks among the global systemically important banks, and the 16 selected banks were evaluated under the same "Bank Internationalization Index" system. The 16 banks are all from developed countries with rich international experience, long history, and different roadmaps. Their international development has high reference significance for Chinese banks struggling on the journey of internationalization.The subtitle "The Prospect of Chinese Banks' Global Expansion and Their Benchmarks" of this year is an extension. Considering that these banks basically represented the highest level of internationalization in the world today, by benchmarking the "advanced", we could assist Chinese banks to find the gap, identify developing opportun...

Globalization of Investment Banks Based on Comparative Case Studies: The Case of CITIC Securities and Goldman Sachs

“…One such initiative involves forging partnerships and joint ventures with foreign entities to access new markets and enhance its service offerings. For instance, CITIC Securities established a joint venture with CLSA, a renowned Asian brokerage and investment group, to expand its footprint in Hong Kong and other international markets [7]. This collaboration enables CITIC Securities to tap into CLSA's extensive network and expertise while leveraging its own resources and market insights.…”