Overview
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.
- | Author: Xiaoping Xu
- | Publisher: Palgrave MacMillan
- | Publication Date: Jan 01, 1998
- | Number of Pages: 227 pages
- | Binding: Paperback or Softback
- | ISBN-10: 1349264601
- | ISBN-13: 9781349264605
