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resolved if China is to create a 'modern rural financial system'. The key issues facing policy-makers are: Consolidating …
Persistent link: https://www.econbiz.de/10012557816
"The objective of this paper is to address the main considerations for China of including financial services in its … preferential trade agreements. The paper briefly reviews China's financial liberalization process and the state of its domestic … financial system, discusses the main considerations of including financial services in China's preferential trade agreements …
Persistent link: https://www.econbiz.de/10011394192
2010 as part of the financial sector assessment program (FSAP) of China. The assessment was prepared on the basis of a self …-assessment prepared by the China Securities Regulatory Commission (CSRC), public information contained on the CSRC website and the … websites of other entities in China, and a review of relevant Chinese laws and regulations. The timely completion of this …
Persistent link: https://www.econbiz.de/10012248143
The Securities Settlement Systems (SSS) in the People's Republic of China (PRC) are organized around three different … types of markets, which are the bond market, the corporate securities market, and the futures market. The China Government … China Securities Depository and Clearing Corporation Limited (SD and C) is the central counterparty (CCP), SSS, as well as …
Persistent link: https://www.econbiz.de/10012248144
Insurance companies in China are closely supervised and generally subjected to appropriate regulation. The China … from supervised companies. This assessment of the People's Republic of China's compliance with International Association of … Program (FSAP). The CIRC has principal responsibility over insurance regulation in China and conducts its duties through its …
Persistent link: https://www.econbiz.de/10012248145
People's Bank of China (PBC) has carried out a major and comprehensive reform of the China National Payments System … (CNPS). The PBC implemented the China National Advanced Payment System (CNAPS), which consists of the High-Value Payment … cheque clearing houses around the country administered by the PBC local offices or delegated to banks. China Union Pay (CUP …
Persistent link: https://www.econbiz.de/10012248146
Persistent link: https://www.econbiz.de/10011393442
Persistent link: https://www.econbiz.de/10011393977
"This paper reviews the evidence on the importance of finance for economic well-being, provides data on the degree of use of basic financial services by households and firms across a sample of countries, assesses the desirability of more universal access, and overviews the macroeconomic, legal,...
Persistent link: https://www.econbiz.de/10010522611
"A well developed financial system enhances competition in the industrial sector by allowing easier entry. The impact varies across industries, however. For some, small changes in financial development quickly induce entry and dissipate incumbents' rents, generating strong incentives to oppose...
Persistent link: https://www.econbiz.de/10010522682