Research on the Restructuring of China's Financial System

Author: Hu Bingzhi
Publisher:
Publish Date: 2003-04-01
Features: Starting from basic economic and financial principles, this book analyzes the effective structure of banking, market competition models, the evolution of financial systems, and the current state of China's financial system. It then explores and investigates the reconstruction of China's financial system under market economy conditions. This book is a forceful work with significant innovations in the study of China's financial system, offering valuable insights for the construction of financial systems after China's entry into the WTO. It comprehensively defines the financial system at three levels. It argues that the financial system is effective when financial institutions choose the model of diversified operations. It advocates for achieving effective financial competition under the threat of authoritative financial regulation and potential competition. It proposes the concept of authoritative regulation and argues that it is comprehensive and superior to functional regulation. It emphasizes the role and significance of market discipline mechanisms in financial regulation. It proposes establishing a three-dimensional mechanism to maintain financial security and efficiency.