Abstract
This chapter is a description and explanation of the methods how the empirical study was conducted in this research. The analysis presented in this book draws on empirical material from two main sources: documents and face-to-face interviews. In this research, data about the development of trust business is collected from written documents, while the data for the relationship between financial institutions and citizens is gathered from qualitative research (namely, face-to-face interviews). Following a brief introduction of empirical research questions and empirical research methods, this Chapter spends one section to explain the ways in which the data of trust business in China is collected, and spends another section to explain the method to collect data on mutual trust between potential investors and financial institutions in China. This Chapter ends with several important selected results of this empirical research, and an explanation on the limitations of this empirical research.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Notes
- 1.
See Alasuutari et al (2008). See also Empirical Research, available at https://explorable.com/empirical-research. Accessed 10 February 2015; Empirical Research Methods, available at http://www.itu.dk/~oladjones/semester%203/advanced%20it%20mgt%20and%20software%20engineering/project/materials/what.%20is%20empirical%20research1.pdf. Accessed 10 February 2015.
- 2.
- 3.
See Alasuutari et al. (2008).
- 4.
- 5.
Qualitative Research Methods: A Data Collector’s Field Guide, available at http://www.ccs.neu.edu/course/is4800sp12/resources/qualmethods.pdf. Accessed 20 February 2015.
- 6.
Prell (2012), p. 68.
- 7.
Silbey (2015), p.17.
- 8.
Yin (1994).
- 9.
Empirical Research Methods. http://www.itu.dk/~oladjones/semester%203/advanced%20it%20mgt%20and%20software%20engineering/project/materials/what.%20is%20empirical%20research1.pdf. Accessed 20 February 2015.
- 10.
Prell (2012), pp. 68–74.
- 11.
Coleman (1994), pp. 305–306.
- 12.
Given (2008).
- 13.
Given (2008).
- 14.
Newman (2011), pp. 39–40.
- 15.
Its members include 68 trust companies, a law firm, and an accounting firm. For the names of its members, see http://www.xtxh.net/xtxh/ctamember/index.htm. Accessed 21 February 2015.
- 16.
See http://www.xtxh.net/xtxh/ctamember/index.htm. Accessed 21 February 2015.
- 17.
The URL of its website in English is http://www.xtxh.net/xtxh/english.jhtml.
- 18.
The first publication of this series is on 1997–2003. Since 2004, the report is released once a year. Each report was published by China Economic Publishing House.
- 19.
KPMG is one of the largest professional services companies in the world and one of the Big Four auditors, along with Deloitte, EY and PwC.
- 20.
- 21.
PingAn Trust (PingAn Trust Co. Ltd.) was established on 9 April 1996 and is a subsidiary and integral part of PingAn Insurance (Group) Company of China Ltd. It has the biggest Registered capital among trust companies in China.
- 22.
McKinsey & Company is the leading global management consulting firm in Greater China. It is the advisor to the region’s leading businesses, governments, and institutions. Its primary mission is to help its clients achieve substantial and enduring impact by tackling their biggest issues concerning strategy, operations, organization, technology and finance.
- 23.
Ping’an Trust and McKinsey (2013) The coming transformation of China’s trust industry: China Trust Industry Report 2013. http://www.mckinseychina.com/wp-content/uploads/2013/12/mckinsey-china-the-coming-transformation-of-chinas-trust-industry.pdf?5c8e08. Accessed 21 Feb 2015.
- 24.
Lyon (2006), p. 86.
- 25.
Qualitative Research Methods: A Data Collector’s Field Guide, available at http://www.ccs.neu.edu/course/is4800sp12/resources/qualmethods.pdf. Accessed 20 February 2015.
- 26.
Qualitative Research Methods: A Data Collector’s Field Guide, available at http://www.ccs.neu.edu/course/is4800sp12/resources/qualmethods.pdf. Accessed 20 February 2015.
- 27.
Qualitative Research Methods: A Data Collector’s Field Guide, available at http://www.ccs.neu.edu/course/is4800sp12/resources/qualmethods.pdf. Accessed 20 February 2015.
- 28.
Lyon (2006), p. 87.
- 29.
Lyon (2006), p. 87.
- 30.
In this book, middle class is defined as people with wealth above USD 1 million (approximately CNY 6 million).
- 31.
Chinese consists of hundreds of local language varieties. These varieties have been classified into seven to ten groups, the largest being Mandarin (e.g. Beijing dialect), Wu (e.g. Shanghainese), Min (e.g. Taiwanese Hokkien), and Yue (e.g. Cantonese). Inter local language communication is not always easy and convenient in China. See https://en.wikipedia.org/wiki/Varieties_of_Chinese Accessed 30 July 2015.
- 32.
For instance, in Shenzhen (a major city in the south of Southern China’s Guangdong Province, also China’s first Special Economic Zone), property price increased more than 50% in the first half of 2007.
- 33.
Chinese high net worth individuals (HNWIs) is defined as individuals with at least 10 million RMB (approximately $1.6 million) in investable assets, according to the China Private Wealth 2013 report jointly published by China Merchants Bank (CMB) and Bain & Company.
- 34.
Chinese ultra-HNWIs is defined as individuals with at least 100 million RMB in investable assets, according to the China Private Wealth 2013 report jointly published by China Merchants Bank (CMB) and Bain & Company.
- 35.
More details about the emerging HNWIs in China will be discussed in chapter 7 of this book.
- 36.
Recently, the straightforward savings accounts produce no more than 0.35% a year and a 1-year fixed deposit earns at most 3.3% in China.
- 37.
The “big four” state-owned commercial banks in China are the Bank of China, the China Construction Bank, the Industrial and Commercial Bank of China and the Agricultural Bank of China.
References
Alasuutari P, Bickman L, Brannen J (eds) (2008) The SAGE handbook of social research methods. Sage, London
Aliaga M, Gunderson B (2005) Interactive statistics, 3rd edn. Prentice Hall, Upper Saddle River
Asian Development Bank Consultant’s Report (2014) The People’s Republic of China: knowledge work on shadow banking—trust funds and wealth management products. http://www.adb.org/sites/default/files/project-document/80950/shadow-banking-trust-funds-and-wmps-prc.pdf. Accessed 6 May 2015
Berg BL (2001) Qualitative research methods for the social sciences. https://mthoyibi.files.wordpress.com/2011/05/qualitative-research-methods-for-the-social-sciences__bruce-l-berg-2001.pdf. Accessed 11 Feb 2015
Coleman J (1994) Foundations of social theory. Belknap Press, Cambridge
Given LM (2008) The Sage encyclopedia of qualitative research methods. Sage, London
KPMG (2010) China’s trust sector: the next chapter. https://www.kpmg.com/CN/en/IssuesAndInsights/ArticlesPublications/Documents/China-trust-sector-next-chapter-201002.pdf. Accessed 6 May 2015
KPMG (2011) Mainland China trust survey 2011: extending the reach of China’s financial sector. http://www.kpmg.com/CN/en/IssuesAndInsights/ArticlesPublications/Documents/China-Trust-Survey-201107-4.pdf. Accessed 6 May 2015
KPMG (2012) Mainland China trust survey 2012. http://www.kpmg.com/CN/en/IssuesAndInsights/ArticlesPublications/Documents/China-Trust-Survey-2012-201207-v2.pdf. Accessed 6 May 2015
Lyon F (2006) Access and non-probability sampling in qualitative research on trust. In: Lyon F, Mollering G, Saunders MNK (eds) Handbook of research methods on trust. Edward Elgar Publishing, Cheltenham
Muijs D (2011) Doing quantitative research in education with SPSS, 2nd edn. Sage, London
Newman MEJ (2011) Networks: an introduction. OUP, Oxford
Prell C (2012) Social network analysis: history, theory and methodology. Sage, London
Qualitative research methods: a data collector’s field guide. http://www.ccs.neu.edu/course/is4800sp12/resources/qualmethods.pdf. Accessed 20 Feb 2015
Silbey J (2015) The Eureka myth: creators, innovators, and everyday intellectual property. Stanford University Press, Palo Alto
Silverman D (2013) Doing qualitative research: a practical handbook, 4th edn. Sage, London
Tang W (2014) Analysis on the sustainable development of China trust industry. J Syst Manag Sci 4:1
The Economist (2014a) China: a question of trust. http://www.economist.com/news/special-report/21601622-or-not-case-may-be-question-trust. Accessed 20 May 2014
The Economist (2014b) Shadow banking in China: battling the darkness. http://www.economist.com/news/finance-and-economics/21601872-every-time-regulators-curb-one-form-non-bank-lending-another-begins. Accessed 17 June 2015
The Economists (2014c) Shadow banking in China: credit paroled. http://www.economist.com/news/finance-and-economics/21595483-big-default-averted-credit-paroled. Accessed 13 June 2015
The Economist (2014d) The lure of shadow banking. http://www.economist.com/news/leaders/21601826-shadow-banks-helped-cause-financial-crisis-better-regulated-they-could-help-avert-next. Accessed 13 June 2015
Wildau G et al (2013) China pilot scheme aims to shatter assumption; investments are not guaranteed. http://www.reuters.com/article/2013/10/10/us-china-banks-debt-idUSBRE99915D20131010. Accessed 20 April 2015
Yin RK (1994) Cases study research, design and methods, 2nd edn. Sage, London
Author information
Authors and Affiliations
Corresponding author
Rights and permissions
Copyright information
© 2017 Springer Nature Singapore Pte Ltd.
About this chapter
Cite this chapter
Meng, Z. (2017). An Empirical Study on China Trust Industry: Methods. In: Ownership of Trust Property in China . Perspectives in Law, Business and Innovation. Springer, Singapore. https://doi.org/10.1007/978-981-10-5846-2_5
Download citation
DOI: https://doi.org/10.1007/978-981-10-5846-2_5
Published:
Publisher Name: Springer, Singapore
Print ISBN: 978-981-10-5845-5
Online ISBN: 978-981-10-5846-2
eBook Packages: Law and CriminologyLaw and Criminology (R0)