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China's Financial System Under Transition

by Xiaoping Xu

2021-05-26 20:02:53

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The transformation of China''s economy has involved major changes in the financial sector. This book offers a detailed and authoritative guide to financial reform in China since 1979. Bank loans replaced budgetary grants as the most important source ... Read more
The transformation of China''s economy has involved major changes in the financial sector. This book offers a detailed and authoritative guide to financial reform in China since 1979. Bank loans replaced budgetary grants as the most important source of funds for investment. A two-tier financial structure, consisting of a central bank and a newly created specialised commercial bank, developed. Nonbank financial institutions also mushroomed. The book outlines the process of change, compares these changes to the earlier mono-banking system, and shows the problems which remained - including the lack of a proper financial control mechanism. There is a detailed case-study of the Shanghai financial markets. Less

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ISBN9781349264605
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Xiaoping Xu
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