Abstract
China’s financial sector is mainly comprised of banks, non-bank financial institutions and stock market. Economic reform since 1978 has fundamentally changed the Chinese banking sector, transforming it from a mono-bank model to a system with multi-financial institutions. The banking sector now serves as an important mechanism in resource allocation and risk diversification. This chapter will present a detailed review of Chinese banking system reform. Particular attention will be paid to the strategies adopted by the central government in reforming its state-owned banks (SOBs). In addition, current performance and new initiatives for financial system liberalization will also be discussed.
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© 2016 Dan Luo
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Luo, D. (2016). Evolution of the Chinese Banking System. In: The Development of the Chinese Financial System and Reform of Chinese Commercial Banks. The Nottingham China Policy Institute Series. Palgrave Macmillan, London. https://doi.org/10.1057/9781137454669_1
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DOI: https://doi.org/10.1057/9781137454669_1
Publisher Name: Palgrave Macmillan, London
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