2006 China Financial Development Report (Financial Opening and Financial Security)

Author: Modern Finance Research Center, Shanghai University of Finance and Economics; School of Finance, Shanghai University of Finance and Economics
Publisher:
Publish Date: 2006-05-01
Features: This report consists of five chapters, each with its own content and interrelated, maintaining logical consistency. The first chapter is "General Theory," laying the foundation for the entire report; the second chapter is "Banking," analyzing the challenges faced by commercial banks in an open economy and their safety prevention strategies. The third chapter is "Capital Market," focusing on the institutional development of China's capital market, covering four parts: the opening and institutional reform of China's capital market, product innovation and micro-mechanism reform in the capital market, the development of securities investment funds and market stability, as well as the behavioral characteristics and development status of institutional investors. The fourth chapter is "Insurance," reviewing the history of China's insurance industry's foreign investment opening in 2005 and analyzing the impacts of its opening. The fifth chapter is "Exchange Rate," which not only analyzes the risks inherent in the rapid increase of foreign exchange reserves and the strategic during capital account opening from a macro perspective but also discusses how to improve the efficiency of the foreign exchange market from a micro perspective. Using the interest rate parity theory, it analyzes the key issues in the development of China's foreign exchange market from an empirical perspective and explores the feasibility of the RMB as a regional settlement currency.
The report consists of five chapters, each with its own content and interrelated, maintaining logical consistency. The first chapter is "General Theory," laying the foundation for the entire report; the second chapter is "Banking," analyzing the challenges faced by commercial banks in an open economy and their safety prevention strategies. The third chapter is "Capital Market," focusing on the institutional development of China's capital market, covering four parts: the opening and institutional reform of China's capital market, product innovation and micro-mechanism reform in the capital market, the development of securities investment funds and market stability, as well as the behavioral characteristics and development status of institutional investors. The fourth chapter is "Insurance," reviewing the history of China's insurance industry's foreign investment opening in 2005 and analyzing the impacts of its opening. The fifth chapter is "Exchange Rate," which not only analyzes the risks inherent in the rapid increase of foreign exchange reserves and the strategic during capital account opening from a macro perspective but also discusses how to improve the efficiency of the foreign exchange market from a micro perspective. Using the interest rate parity theory, it analyzes the key issues in the development of China's foreign exchange market from an empirical perspective and explores the feasibility of the RMB as a regional settlement currency.