China Development Forum 2002 Minister's Speech: Developing China's Capital Market and Speeding Up Banking Reform

Dai Xianglong

Journal of Chinese Economic and Business Studies, 2003, vol. 1, issue 1, 131-135

Abstract: In this ministerial speech to the China Development Forum in Beijing, March 2002, I emphasise the importance of the People's Bank of China in implementing sound monetary policy and strengthening financial support for economic development. For these purposes China's capital market needs to be further developed to increase the share of direct financing, and state-owned commercial banks need to be reformed to establish appropriate incentives for loan marketing as well as internal control.

Keywords: Monetary Policy Transmission; Capital Market Development; Commercial Bank Reform; China (search for similar items in EconPapers)
Date: 2003
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DOI: 10.1080/1476528032000039785

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