Financial Intermediaries and State-Owned Banks in the Economic Transformation

Author: Zhang Jie
Publisher:
Publish Date: 2003-06-01
Features: This book is another significant work by the author on the issue of China's financial system, following his previous book "The Structure and Evolution of China's Financial System." In this book, the author adheres to his consistent logic and perspective to provide new theoretical interpretations of some recent changes in China's financial system, particularly the state-owned banking system, since 1998. This has greatly enriched and expanded the existing analytical framework and conclusions. The book first constructs a substantial and broad analytical background by providing an overall portrayal of the process of China's economic transformation and the evolution of its financial system. It then establishes a new perspective for examination by reviewing the literature on financial intermediation theory and explaining the changes in financial intermediation in China. Subsequently, it offers in-depth and unique theoretical explanations for aspects such as the capital structure of state-owned banks, non-performing loans, financial support performance, and the phenomenon of deposit surpluses, thereby forming a comprehensive framework for systematically analyzing the state-owned banking system.