Handbook of Competition in Banking and Finance
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Handbook of Competition in Banking and Finance

Edited by Jacob A. Bikker and Laura Spierdijk

For academics, regulators and policymaker alike, it is crucial to measure financial sector competition by means of reliable, well-established methods. However, this is easier said than done. The goal of this Handbook is to provide a collection of state-of-the-art chapters to address this issue. The book consists of four parts, the first of which discusses the characteristics of various measures of financial sector competition. The second part includes several empirical studies on the level of, and trends in, competition across countries. The third part deals with the spillovers of market power to other sectors and the economy as a whole. Finally, the fourth part considers competition in banking submarkets and subsectors.
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Chapter 8: Bank competition in China

Zuzana Fungáčová and Laurent Weill

Abstract

The aim of this chapter is to analyze bank competition in China for a sample of 157 banks over the period 2004 –14. Bank competition is measured with the Lerner index. The authors obtain three main findings. First, the degree of bank competition is low in comparison to what is observed in other countries. Second, no improvement in bank competition has been observed during the last decade. Third, competition differs depending on the type of banks, with lower market power for foreign banks in comparison to banks owned by public authorities. The authors’ results therefore support the view that procompetitive policies like foreign bank entry and privatization could enhance bank competition in China.

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