While the Chinese Government has played an increasingly important role in bank operations, via state ownership and regulatory monitoring, relatively little is known of the real impact of government on banking systems, especially in emerging markets. This thesis examines government involvement in China’s banking industry from three perspectives. First, it investigates the effect of government ownership on accounting practices in banks, with a particular focus on earnings management. Next, the thesis investigates how the geographic distance between banks and their regulator affects risk-taking in banks and the subsequent spillover to the corporate sector. Finally, the role of banks in underwriting bonds issued by local governments is examined.
With respect to the effect of government ownership on earnings management in banks, the results show that government-owned banks conduct more accruals-based earnings management, specifically to reduce income. This effect is stronger in banks faci
supplier. thames water has about 14 billions worth of debt and it has been speculated it could soon be taken into government ownership under options that are being considered. we have had a statement from thames water. i will read it to you now. response to some speculation about the future of thames water. it says, thames water recent press speculation. thames water received the expected £500 million of new funding injune 2022, it is continuing to work constructively with its shareholders in relation to the further equity funding expected. the statement says of what is being kept fully informed of what is being kept fully informed of the progress of the company and its turnaround and its engagement with shearwater shareholders. it remains focused on its customers and
let s start with the trade war between the world s we start with the questions being asked over the future of thames water. it is saddled with over £14 billion worth of debt. it could be taken into government ownership. that is one option being considered right now. that comes after the company boss sarah bentley resigned over concerns over sewage dumping. what could happen next? let s talk to emma simpson, whojoins us from the newsroom. how have we ended up in this situation, that this company, the biggest supplier to the uk, could be taken into government hands. , ., , uk, could be taken into government hands. , . , . ., , ., ., , hands. yes, thames water is a really im ortant hands. yes, thames water is a really important piece hands. yes, thames water is a really important piece of hands. yes, thames water is a really important piece of critical important piece of critical infrastructure in the uk. it has 15 million customers and on one level, it is a pretty simple business.
one that never mind the cat. it has been there for the last 40 - one that never mind the cat. it has been there for the last 40 years. i been there for the last 40 years. this is the unproduced star was painting done back in 1977. and alongside is the one that made it. you re live with bbc news. time for a look at the business news now. here in the uk, questions are being asked about the future of the country s biggest water supplier. thames water. its saddled with £14 billion of debt and could be taken into government ownership. that sjust one option being considered by the government. it comes after the company s boss, sarah bentley, resigned over concerns about sewage dumping. it is facing so many issues with