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China's Financial System Under Transition

China's Financial System Under Transition

Paperback

Series: Studies on the Chinese Economy

EconomicsChinese History

ISBN10: 1349264601
ISBN13: 9781349264605
Publisher: Springer Nature
Published: Jan 1 1998
Pages: 227
Weight: 0.69
Height: 0.55 Width: 5.50 Depth: 8.50
Language: English
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.

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