China’s Financial System

Growth and Risks

ISBN: 978-1-68083-060-6
Verlag: Now Publishers

Buch, Englisch, Band 32, 138 Seiten, Format (B × H): 156 mm x 234 mm

Reihe: Foundations and Trends® in Finance

China's Financial System: Growth and Risks provides an updated and comprehensive review of China's financial system and compares it with financial systems in other countries. It reviews what has worked and what has not within the markets and intermediaries in China, and further considers the effects of the recent development of China's financial system on the real economy. It also examines a non-standard financial sector, which operates beyond the markets and banking sectors and consists of alternative financing channels, governance mechanisms, and institutions. Finally, the authors provide prospects for future research on several unresolved issues including how China's financial system can integrate into the world's markets and economy without being interrupted by damaging financial crises. China's Financial System: Growth and Risks draws four main conclusions about China's financial system and its future development. First, compared with other developed and emerging economies, China's financial system has been dominated by a large banking system. Second, China's financial markets have witnessed significant development, however, their current scale and importance are not comparable to those of the banking sector and they may not be effective in allocating resources in the economy. Third, the alternative financial sector has played an important role in satisfying the financing demand and maintaining the high growth rate in the real economy. Finally, a significant challenge for China's financial system is to avoid damaging financial crises that can severely disrupt economic stability.

Autoren/Hrsg.

Allen, Franklin

Qian, Jun “QJ”

Gu, Xian

Fachgebiete

• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Finanzsektor & Finanzdienstleistungen: Allgemeines
• Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft Internationale Finanzmärkte
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Internationale Finanzmärkte

Inhaltsverzeichnis

Introduction. Overview of China's Financial System. The Banking and Non-bank Intermediation Sector. Financial Markets. The Non-standard Financial Sector and Evidence on Hybrid Sector Firms. Financial Crises. Concluding Remarks. References