Wandering at the main gate of crisis: Taking the pulse of China's finance: Taking the pulse of China's finance

Author: Xu Dianqing
Publisher:
Publish Date: 2004-06-01
Features: Financial and Economic Observation Series. The financial crisis is lurking at the door, calling for crisis awareness and prevention of financial crises, paving the way for private banks. Those who encounter crises are often those lacking crisis awareness. Be vigilant in times of peace. Although China successfully avoided the impact of the 1997 Asian Financial Crisis, due to severe delays in financial system reform and the accumulation of costs from state-owned enterprise reforms in various forms within the financial system, we must take the threat of financial crises seriously. The best strategy to prevent financial risks is to accelerate financial reforms, and the immediate priority of financial reforms is to break the monopoly in the financial sector, open private banks, and achieve financial system innovation through fair market competition. Part of this book collects articles on financial crisis management; the second part focuses on the necessary conditions for the reform of state-owned commercial banks; the third part is a debate on private banks; the fourth part discusses the creation of the "Zhongyuan."