Comparative Study of Regional Finance in China during the Process of Liberalization

Author: Mai Yong
Publisher:
Publish Date: 2005-04-01
Features: This book focuses on the gradual liberalization of China's financial regulation and the historical trend of its financial industry's mixed operations. It innovatively adopts the financial function perspective of Bodie and Merton to elaborate on multiple functions, including promoting the flow of savings and accumulation towards investment, efficiently allocating resources in time and space, enhancing risk management, and improving corporate governance structures. From this functional perspective, the book analyzes the development of regional finance in China, aiming to retrace the theoretical framework of China's regional financial development. The book argues that establishing an institutional system suitable for the development of each region in China, adopting differentiated regional financial policies, and achieving dynamic changes between balance and imbalance through regional financial development are essential for creating a virtuous cycle of mutual promotion between China's regional financial development and economic growth.