Ying, Zhanyu - In: Frontiers of Economics in China 5 (2010) 3, pp. 430-444
In terms of China’s financial intermediation ratio (FIMR) in stock, we make a thorough empirical study on the change of the ratios during 1992–2006. We find that: The monopoly position of bank credit in the financing channel of non-financial sector is weakened, but bank credit is still the...