| 来源类型 | Working Paper
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| 规范类型 | 报告
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| DOI | 10.3386/w17828
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| 来源ID | Working Paper 17828
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| China's Financial System: Opportunities and Challenges |
| Franklin Allen; Jun "; QJ"; Qian; Chenying Zhang; Mengxin Zhao
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| 发表日期 | 2012-02-09
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| 出版年 | 2012
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| 语种 | 英语
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| 摘要 | We provide a comprehensive review of China's financial system, and explore directions of future development. First, the financial system has been dominated by a large banking sector. In recent years banks have made considerable progress in reducing the amount of non-performing loans and improving their efficiency. Second, the role of the stock market in allocating resources in the economy has been limited and ineffective. We discuss issues related to the further development of China's stock market and other financial markets. Third, the most successful part of the financial system, in terms of supporting the growth of the overall economy, is a non-standard sector that consists of alternative financing channels, governance mechanisms, and institutions. The co-existence of this sector with banks and markets can continue to support the growth of the Hybrid Sector (non-state, non-listed firms). Finally, among the policies that will help to sustain stable economic growth in China are those that reduce the likelihood of damaging financial crises, including a banking sector crisis, a real estate or stock market crash, and a "twin crisis" in the currency market and banking sector. |
| 主题 | Other
; Law and Economics
; Development and Growth
; Country Studies
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| URL | https://www.nber.org/papers/w17828
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/575503
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推荐引用方式
GB/T 7714 |
Franklin Allen,Jun ",QJ",et al. China's Financial System: Opportunities and Challenges. 2012.
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文件名：
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w17828.pdf
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格式：
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Adobe PDF
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