China’s Financial System under Transition

By:

Xiaoping Xu

Format:

Paperback / softback

Series:

Studies on the Chinese Economy

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Description

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.

Release date NZ

January 1st, 1998

Author

Xiaoping Xu

Audience

Professional & Vocational

Edition

1st ed. 1998

Illustrations

XV, 227 p.

Pages

227

Series

Studies on the Chinese Economy

Dimensions

140x216x14

ISBN-13

9781349264605

Product ID

24559337

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