Global Financial Transformation and Financial Development

Author: Wang Chuming
Publisher:
Publish Date: 2004-05-01
Features: As the world's largest developing country, China's financial opening-up, especially after joining the WTO, has become a focal point of global financial reform and development. However, due to China's level of economic and financial development, the development of its capital markets, the scale and strength of financial assets, the stability of the monetary system, and the level and technology of financial regulation, it is still difficult to meet the needs of financial opening-up. Therefore, China's participation in financial globalization and financial opening-up, particularly the opening of capital accounts, should be a very cautious and gradual process. Maintaining China's financial security and stability is a key issue that should be particularly addressed in the process of financial opening-up. This book attempts to provide a more profound elaboration on some of the aforementioned issues. During the writing process, it summarizes and expands on the author's recent thoughts and research achievements, incorporates the findings of theoretical research on global financial issues in recent years, and also benefits from the specific guidance of Professor Cheng Enfu, Dean of the School of Economics at Shanghai University of Finance and Economics, a renowned economist in his mid-career, Chairman of the Haipai Economic Forum, and Doctoral Supervisor.