Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword or section
Like this
1Activity

Table Of Contents

1.1 Background and Motivation
1.2 Purpose of the Research
1.3 Research Scope and Object
1.4 Significance of the Research
II. Literature Review
2.1 China’s Financial System
2.1.1 Chinese Banking Industry
2.1.2 Monopoly to Competition
2.1.3 Non-State-Owned Commercial Banks
2.1.4 Key Performance Indicators (KPIs) for Banks
2.1.5 Profit versus Profitability
2.1.6 Speculative Securities Market
2.2 Valuation scope: What is value?
2.2.4 Investment Value
2.2.5 Intrinsic Value
2.3 Valuation objective: Why value companies?
2.3.1 Valuation is not an exact science
2.3.2 Bargains and Value
2.4 Valuation methods: How can companies be valued?
2.4.2 Market Approach
2.4.3 Asset Approach
2.5 The World’s Most Successful Investor
2.5.1 Fundamental Analysis
III. Research Methodology
3.2 Sampling and Data Collection
3.3.2 Estimating Target Bank’s Value Using the Market approach
3.3.3 Estimating Target Bank’s Value Using the Montgomery Method
3.4.1 Hypothesis Testing
IV. Results of the Comparison
4.2 Descriptive Statistics: Asset Approach
4.2.1 Non-State-Owned Banks
Table 4.2.1-1 Bank of Communications
Table 0-3 China Merchants Bank
Table 0-4 Shanghai Pudong Development Bank
4.2.2 State-Owned Banks
Table 4.2.2-1 Agricultural Bank of China
Table 4.2.2-2 Bank of China
Table 4.2.2-3 China Construction Bank
Table 4.2.2-4 Industrial and Commercial Bank of China
4.3 Descriptive Statistics: Market Approach
4.3.1 Non-State-Owned
Table 4.3.1-1 Summary of SPDB New Shares Issue Prices
4.4 Descriptive Statistics: Montgomery Method
4.4.1 Non-State-Owned
Table 4.4.1-1 Comparison of Non-State-Owned Bank’s Montgomery Intrinsic Value
Table 4.4.2-1 Comparison of State-Owned Bank’s Montgomery Intrinsic Value
4.5 Market Price Comparison with Value Range
4.5.1 Non-State-Owned
Table 4.5.1-1 Bank of Communications
Table 4.5.1-2 CITIC Bank
Table 4.5.1-3 China Merchants Bank
Table 4.5.1-4 Shanghai Pudong Development Bank
Table 4.5.2-1 Agricultural Bank of China
Table 4.5.2-2 Bank of China
Table 4.5.2-3 China Construction Bank
Table 4.5.2-4 Industrial and Commercial Bank of China
4.6 Macro Economic Factors
4.7 Results of Hypothesis Testing
4.8 Summary of Findings
5.4 Limitations of the Research
References and Bibliography
Appendix
0 of .
Results for:
No results containing your search query
P. 1
Thesis - The Measurement of Chinese Banks' Intrinsic Value in Its Developing Securities Market - Final Draft

Thesis - The Measurement of Chinese Banks' Intrinsic Value in Its Developing Securities Market - Final Draft

Ratings: (0)|Views: 162|Likes:
Published by Gareth Cottam

More info:

Published by: Gareth Cottam on Jan 21, 2012
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

01/21/2012

pdf

text

original

You're Reading a Free Preview
Pages 4 to 64 are not shown in this preview.
You're Reading a Free Preview
Pages 68 to 79 are not shown in this preview.

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->