Perspective of the Changing Financial Markets

Author: Yi Xianrong
Publisher:
Publish Date: 2002-04-01
Features: With the acceleration of financial globalization and China's approaching entry into the World Trade Organization, the confusion and crisis faced by China's financial industry have become increasingly prominent. To resolve the current confusion and crisis, top-level personnel changes have been made in China's financial industry. This personnel reshuffle is more like a strategic move to prepare for the challenges of the 21st century rather than a desperate attempt to escape its predicament amidst mounting crises. However, without adhering to the rules of market operations or transforming the operational mechanisms, relying solely on organizational decision-making to arrange personnel, it remains to be seen whether China's financial industry can truly emerge from the crisis.