Financial Reform and Economic Development in China

中国经济的发展Studies series

James Laurenceson, Deputy Director, Australia-China Relations Institute (ACRI), University of Technology Sydney, Australia and Joseph C.H. Chai, formerly Research Consultant, Research Grants Council, Hong Kong, China

This book is a comprehensive, balanced and realistic assessment of China’s financial reform program and future direction. Covering not only the banking sector but also non-bank financial institutions, stock market development and external financial liberalization, the authors examine the impact of financial reform on economic development in China during the reform period. This volume will facilitate a more accurate assessment of the Chinese approach to financial reform, and will therefore, allow more informed future policy choices for both China and other developing and transitional countries.

‘Financial Reform and Economic Development in China represents a rigorous yet readable account of financial market liberalization in China.’
– Bryane Michael, China Information