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China’s financial system: two decades of gradual reforms

Maria Manuela Neveda DaCosta (Department of Economics, University of Wisconsin‐Eau Claire, Eau Claire, Wisconsin)
Jennifer Ping Ngoh Foo (Finance Department, Stetson University, DeLand, Florida)

Managerial Finance

ISSN: 0307-4358

Article publication date: 1 October 2002

1583

Abstract

Describes the efforts made since 1979 by China to reform its financial system to support its emerging market economy; and the associated problems. Cites research evidence that the reforms have been inadequate and analyses 1986‐2000 national statistics to calculate three macro‐indicators of financial crisis, three measures of government permeability and some other ratios for the Chinese financial system. Identifies many weaknesses, concludes that it remains vulnerable to crisis and points out the potential dangers inherent in plans to allow foreign banks to engage in local currency businesses within the next five years.

Keywords

Citation

Neveda DaCosta, M.M. and Ping Ngoh Foo, J. (2002), "China’s financial system: two decades of gradual reforms", Managerial Finance, Vol. 28 No. 10, pp. 3-18. https://doi.org/10.1108/03074350210768086

Publisher

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MCB UP Ltd

Copyright © 2002, MCB UP Limited

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