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Financial Reform in China

Changwen Zhao | Hongming Zhu
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A01=Changwen Zhao
A01=Hongming Zhu
Author_Changwen Zhao
Author_Hongming Zhu
Banking and finance
Category=GTM
Category=KCC
Category=KCL
Category=KFFL
China's Banking Sector
China's Financial System
China’s Banking Sector
China’s Financial System
Chinese banking industry
Chinese economic development
Chinese economic policy
Chinese financial reforms
economic development China
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
extractive financial systems analysis
financial risk management
financial sector reform
financial system competition
Gdp Increase
Global financial crisis
Government Implicit Guarantee
High Financing Cost
High Interest Margin
Hongming Zhu
Implicit Guarantee
inclusive finance
Interest Rate Liberalization
Internet Finance
Low Financial Efficiency
M2 Growth Rate
Market Access Control
Medium Sized Financial Institutions
Multi-layer Capital Market
Net Interest Margin
P2P Platforms
Profit Proportion
Renminbi
Rural Commercial Banks
Rural Credit Cooperatives
Shadow Banking
Siphonic Effect
SME Board
SME Customer
SME Loan
Wealth Management Products

Product details

  • ISBN 9780367374877
  • Weight: 370g
  • Dimensions: 156 x 234mm
  • Publication Date: 26 Sep 2019
  • Publisher: Taylor & Francis Ltd
  • Publication City/Country: GB
  • Product Form: Paperback
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Description

This book focuses on the importance for China to correct the present imbalance in the relationship between the financial sector and the real economy.

The book looks at China’s current financial system in terms of "extractive" and "inclusive". It asserts that the financial sector is producing huge "siphonic effects" that distort the overall development of the Chinese economy. Like a giant magnet, the financial sector attracts too many innovation factors, such as talents, capital and entrepreneurship away from the real economy and inhibits the development of the latter. Hence, the book argues that China’s financial system must now be thoroughly reformed to become an inclusive financial system, where finance and the rest of the economy can co-exist and develop in support of each other.
About Changwen Zhao | Hongming Zhu
Changwen Zhao is Research Fellow and Director-General of the Research Department of Industrial Economy of the Development Research Center of the State Council (DRC), China. Hongming Zhu is Associate Research Fellow in the Financial Research Institute, Development Research Center of the State Council (DRC), China.

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