EWOLUTION OF CHINA'S FINANCIAL SYSTEM
 
More details
Hide details
1
WSGE
 
 
Submission date: 2019-03-26
 
 
Acceptance date: 2019-07-01
 
 
Publication date: 2019-07-24
 
 
Corresponding author
Krystyna Palonka   

WSGE
 
 
JoMS 2019;41(2):295-308
 
KEYWORDS
TOPICS
ABSTRACT
Financial system is a “ blood circulation” of country economy. Since China is attempting to establish modern economy ( within authoritarian political system though) the creation of institutions and regulations of the system became crucial. The system as such is enormously complex and requires sophisticated structure of institutions and flexible rules. Major institutions are : central bank and commercial banks, policy banks, international banks, insurance system, money markets, capital markets operating within stock exchange system and outside it and many others.Regulatory bodies are crucial to monitor and react when issues occur. Thus there is growing role of financial regulators,central bank and international flows of money Creating transparent regulations requires to determine dependency rules and legal standards monitoring and enforcing governance towards projected directions. The paper briefly presents major achievements and still existing issues that China has to cope with.
REFERENCES (12)
1.
Chen Yulu; Chinese Currency and the Global Economy; McGraw-Hill; 2014.
 
2.
Pocket World in Figures; The Economst; 2019 Edition\.
 
3.
“Zhongguo Guozhai Yu’e 29631 Yi Yuan” [“Outstanding Government Bonds Issued Amount to RMB 2963.1 Billion”], Zhongguo Xinwen Wang, December 19, 2005. As of August 3, 2007: http://politics.people.com.cn/... (dostęp: 28.03.2019).
 
4.
“Zhongguo tong Guoji Qingsuan Yinghang Hezuo de Shinian” [“Ten Years’ Cooperation and Development.
 
5.
Between China and BIS”], Jinron Shibao [Financial News], August 1, 2006.
 
6.
“China Sets Up New Firm to Handle Bad Loans Left by Central Bank,” Xinhua News, 2005. As of August 3, 2007: http://english.peopledaily.com... (dostęp: 28.03.2019).
 
7.
Chinamoney, Web site. As of September 10, 2007: http://www.chinamoney.com.cn/c... (dostęp: 28.03.2019).
 
8.
www.rand.org Banking System Reform in China; The Challenges of Moving Toward a Market-Oriented Economy; 2007 (dostęp: 28.03.2019).
 
9.
www.bloomberg BLOOMBERG.COM.NEWS/ARTICLES/sept.05.2018s/ China's $29 Trillion Ball of Money Rolls to a Long-Ignored Haven (dostęp: 28.03.2019).
 
10.
www. SCMP.com ; South China Morning Post (dostęp: 28.03.2019).
 
11.
www.international monetary fund database; IMF, PEOPLES REPUBLIC OF CHINA; FINANCIAL SECTOR ASSESSMENT PROGRAM, 2018 (dostęp: 28.03.2019).
 
12.
Krukowska, M. (2015). Miękka władza Chin – implikacje i ograniczenia. Journal of Modern Science, 26(3), 193-210. ISSN 1734-2031.
 
eISSN:2391-789X
ISSN:1734-2031
Journals System - logo
Scroll to top