Financial Services Liberalization in China

Li Wenjun

Chinese Economy, 2004, vol. 37, issue 1, 6-37

Abstract: This paper reviews first the process of financial services liberalization, mainly focusing on China's financial services sector, foreign banks, and foreign insurance institutions. Some statistical materials and data are used to sum up characteristics of China's financial services. The effects of China's financial services liberalization are examined, including both active effects and disadvantageous impacts, along with the effects on banking, insurance, and the stock industry. Regarding China's commitments following World Trade Organization (WTO) entry, China must take some countermeasures to open up its financial services.

Date: 2004
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