China's banking system has been gradually transformed from a centralized, government-owned and government-controlled provider of loans into an increasingly comp

Provides a review of China's financial system and compares it to other financial systems. It reviews what has worked and what has not within the markets and int

Prior to the initiation of economic reforms and trade liberalization 36 years ago, China maintained policies that kept the economy very poor, stagnant, centrall

The Chinese financial sector, despite having been developed at a much later stage compared with other developed nations, has achieved substantial progresses ove

In 1978, China embarked on a gradual but far-reaching reform of its economic system. This paper focuses on the achievements so far in reforming the financial se