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China’s Financial System under Transition, Paperback / softback Book

China’s Financial System under Transition Paperback / softback

Part of the Studies on the Chinese Economy series

Paperback / softback

Available to Order - This title is available to order, with delivery expected within 2 weeks

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.

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Available to Order - This title is available to order, with delivery expected within 2 weeks
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