Research on Financial Competitiveness under China's Open Economy Framework

Author: Cai Hongyan
Publisher:
Publish Date: 2006-03-01
Features: Based on the author's practical experience in banking restructuring, this book offers insightful yet credible analysis of the formation mechanism of China's financial competitiveness and its relationship with financial reform. From this perspective, the important implications derived also lead us to discover that the ultimate goal of China's ongoing financial reform is healthy economic growth and harmonious development of the entire society. Specifically, it involves establishing a financial organization system, financial market system, financial regulatory system, and financial control system that meet market-oriented requirements, allowing the market to play a fundamental role in the allocation of financial resources. The author's unique examination and analysis of China's financial reform in this book is sure to attract the interest and attention of academics and professionals in the financial industry. The book comprehensively elaborates on financial development theory, financial competitiveness, research on evaluating China's financial competitiveness, and financial competitiveness research based on panel data models.