A Snapshot of Chinese Financial System Reform

December 2012
BOFIT Discussion Papers;12/11/2012, Issue 30, p3
Working Paper
The article presents information on the reforms in Chinese financial system. It states that the changes include use of open-market operations and developing active bond market. It informs that interest rates have been liberalized to promote the monetary policy transmission. It also mentions that despite various reforms, government bank loans in the country are still the highest financing system used in China. A graph and a pie chart of the financial system in China are also presented.


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