Financial Reform: Where to Go? 200 Questions About Private Banks: 200 Questions About Private Banks

Author: Xu Dianqing
Publisher:
Publish Date: 2002-01-01
Features: After China's entry into the WTO, it is inevitable that foreign-funded banks will pose strong challenges in the financial sector. To accelerate China's financial system reform, it is crucial to break the long-standing monopoly as soon as possible and achieve internal openness before opening up the financial sector. To establish private banks in a stable manner, more than 50 renowned economists from both domestic and abroad conducted a year of research, offering their insights on 200 issues related to the opening of private banks. This book compiles the research findings of these economists, introduces modern financial theory, and systematically elaborates on the three essential regulations for establishing private banks: entry, supervision, and exit regulations. The book also introduces the developments in private banking across countries and regions, as well as the latest international experiences in financial regulation and mixed operations. It provides an objective analysis of the financial situations in Hong Kong and Taiwan. The book summarizes the pilot programs conducted by the Great Wall Financial Research Institute in five regions and proposes institutional innovations for financial reform. This book is suitable for macroeconomic research departments at all levels, government finance departments, faculty and students of finance and economics in universities and colleges, as well as general readers interested in finance and economics. It also helps employees of various financial institutions understand modern financial knowledge and stay updated on international financial development trends. For entrepreneurs aspiring to enter the financial field, this book is an especially important read.