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Keywords
- budget
- economy
- financial markets
- Institution
- macroeconomics
- monetary policy
- Policy
- transformation
About this book
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.
Bibliographic Information
Book Title: China’s Financial System under Transition
Authors: Xiaoping Xu
Series Title: Studies on the Chinese Economy
Publisher: Palgrave Macmillan London
eBook Packages: Palgrave Economics & Finance Collection, Economics and Finance (R0)
Copyright Information: Xiaoping Xu 1998
Softcover ISBN: 978-1-349-26460-5Published: 01 January 1998
Series ISSN: 2947-227X
Series E-ISSN: 2947-2288
Edition Number: 1
Number of Pages: XV, 227