The Banking Sector

Henk R. Randau and Olga Medinskaya

Chapter 8 in China Business 2.0, 2015, pp 51-53 from Springer

Abstract: Abstract Along with structural changes in the economy, China’s financial sector has also opened during the past decades. Until the early 1980s, China’s only financial institution was China’s central bank, the People’s Bank of China (PBC). Under the government’s central planning, the PBC was responsible for both currency policymaking and credit operation. The period from 1982 until 2003, saw significant changes in Chinese banking. The omnibus responsibilities of the PBC were pruned and the banking sector split into public and private industries.

Keywords: Credit Operations; Current Policymaking; Industrial And Commercial Bank Of China (ICBC); Agricultural Development Bank Of China (ADBC); SOEs State-owned Enterprises (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:spr:mgmchp:978-3-319-07677-5_8

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DOI: 10.1007/978-3-319-07677-5_8

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