Author : James R. Barth
Publisher : Springer Science & Business Media
ISBN 13 : 0387937692
Total Pages : 661 pages
Book Rating : 4.3/5 (879 download)
Book Synopsis China's Emerging Financial Markets by : James R. Barth
Download or read book China's Emerging Financial Markets written by James R. Barth and published by Springer Science & Business Media. This book was released on 2009-12-02 with total page 661 pages. Available in PDF, EPUB and Kindle. Book excerpt: China’s emerging financial markets reflect the usual contrast between the country’s measured approach toward policy, regulatory, and market reform, and the dynamic pace of rapid economic growth and development. But they also offer unusual challenges and opportunities. In the past five years, the pace of opening and reform has accelerated sharply. Recapitalization and partial privatization of the largest banks, and the allowance of some joint venture and branch operations for foreign financial institutions, are making rapid headway in developing and expanding financial services and improving access to domestic business and households. This book provides the most extensive look available at the evolving Chinese financial system. It begins with alternative perspectives on the evolution of the financial system and the broad outlines of its prospects and potential contribution to economic growth. Three articles review broad aspects of the financial system. Franklin Allen, Jun ‘‘QJ’’ Qian, Meijun Qian, and Mengxin Zhao lead off with overviews of the banking system and performance of the equity market and other institutions.