China has experienced a large increase in its foreign exchange reserves since 2001, due to a continuous inflow of capital and the commitment to maintain a fixed rate against the dollar initially and then a crawling peg exchange rate regime. Among other things, the accumulation of foreign assets...

We use adversarial corporate litigations between state owned and private owned firms in China to examine the strength of state provided formal institutions in protecting private property rights. Based on a unique hand collected data from 3,323 court rulings and 272 settlements on Chinese listed...

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...

This research project compares the application of the competition laws of China and Australia to bank mergers, against financial regulatory frameworks and the dual objectives of competition and economic stability. As the title indicates, it seeks to identify lessons for Australian banks and...