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Über dieses Buch

This book is distinctive among current studies on this topic. The Chinese economy has entered a period of transformation, which has brought changes to the finance market and consumer habits. For a long time, topics such as monetary policy, reform, financial risks and so forth have been the focus. But there have been few studies of those aspects of the consumer finance market that are directly related to private consumption. Studies on this topic, to which this book contributes, are necessary for understanding the current economic situation in China.
This is a full-scale comparative study of consumer finance in China, Japan and South Korea, and will draw lessons for China in this area from the experience of the other two countries.

Inhaltsverzeichnis

Frontmatter

Chapter 1. Consumer Finance and Its Significance

Abstract
This chapter analyzes consumer finance and its significance and discusses consumer finance’s concept and effects as well as its real economic foundation. This chapter also gives an overview of the development of consumer finance in China. According to the authors, the development of the national economy, the formation of the market (in which supply exceeds demand), the residents’ consumer structure, and the social security system are considered to be the four economic bases for consumer finance in China. Moreover, this chapter asserts that the development of the national economy, the acceleration of urbanization, changes in the consumption philosophy among the younger generations, and improvements in the social credit system are the impetus behind the growth of consumer finance in China.
Zeng Gang, Li Guangzi

Chapter 2. Overview of Development of Consumer Finance in China, Japan, and South Korea

Abstract
This chapter reviews the history and the development of consumer finance in China, Japan, and South Korea. The current situation, history, development path, economic effects, legal system, market regulation, and infrastructure of consumer finance in China, Japan, and South Korea are discussed. This chapter also presents the features of the development of consumer finance in China, Japan, and South Korea.
Yamazaki Daisuke, Kim Jongchi, Xuan Xiaoying

Chapter 3. Credit Card Business and Consumer Finance of China, Japan, and South Korea

Abstract
This chapter reviews the third-party payment and consumer finance industry in China, Japan, and South Korea. Focusing on credit card overdrafts, loan quality, key consumption sectors, credit card regulatory policy, and other credit business, this chapter draws attention to the current credit card systems in China, Japan, and South Korea. Case studies of Credit Saison Co. Ltd. and Lotte Credit Card are presented which include the development, transformation, and experiences of the two companies
Zeng Gang, Xu Yiguo

Chapter 4. Chinese Retailing Development and Consumer Finance

Abstract
This chapter investigates consumer finance in China from the perspective of the retail industry’s development. This chapter discusses the current situation and history of China’s retail industry, particularly the prepaid card business. Consumer finance in China has chosen a different development path than Japan and South Korea.
In terms of its development, China’s financial market went through neither a period in which growth was fueled mainly by that of the consumer product manufacturing industry nor one in which smaller firms were gradually replaced by larger ones through market competition and cooperation. Instead, it became dominated by commercial banks and the credit card business at an early stage.
Li Guangzi, Zhang Xueyuan, Hao Yahong

Chapter 5. Non-bank Financial Institutions and Consumer Finance

Abstract
This chapter investigates consumer finance from the perspective of non-bank financial institutions in China. The consumer finance business in those non-bank financial institutions is discussed, including auto financing companies, consumer financing companies, and small credit (microcredit) companies. Special attention is paid to Alipay.
Zeng Gang, Zheng Chunyan

Chapter 6. Development of Insurance and Consumer Finance

Abstract
This chapter offers a summary of the development of insurance and consumer finance. In this chapter, it gives firstly a brief overview of the significance of insurance on the development of consumer finance and then discusses relevant theories, practices and problems of the automobile loan guarantee insurance, the housing loan guarantee insurance, the student loan guarantee insurance, and petty loan guarantee insurance respectively according to the constitution of credit guarantee insurance.
Guo Jinlong, Hu Hongbing, Yang Tao, Zhao Lan

Chapter 7. Comparison and Enlightenment of Consumer Finance Development in China, Japan, and South Korea

Abstract
This chapter compares the development of consumer finance in China, Japan, and South Korea and the lessons that can be drawn from the differences among them for China. This chapter summarizes and compares the experiences of the countries from the perspectives of the legal system and the credit information system.
Zeng Gang

Backmatter

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