Emerging Issues in Finance Sector Inclusion, Deepening, and Development in the People’s Republic of China

Asian Development Bank (adb), Asian Development Bank (adb) (), Asian Development Bank (adb) and Asian Development Bank (adb)
Additional contact information
Asian Development Bank (adb): East Asia Department, ADB
Asian Development Bank (adb): East Asia Department, ADB

No RPT147038-2, ADB Reports from Asian Development Bank (ADB)

Abstract: Despite its success to date, the People’s Republic of China (PRC) faces some major challenges in finance sector development. Like all success stories, the PRC is finding it increasingly difficult to maintain momentum. The finance industry needs greater involvement from the private sector, including input in decision making. Achieving the desired outcomes will require a careful balance between the pace at which controls are removed and that at which the regulatory and legal infrastructure is strengthened. Long-term success will also require that economic growth be inclusive, with financial services available to all members of society.

Keywords: People's Republic of China; money matters; public finance; fiscal reform; local government debt; taxation; VAT; implicit guarantees; public expenditures; fiscal debt; public-private partnerships; Third Plenum Initiatives; National Audit Office (search for similar items in EconPapers)
Pages: 118 pages
Date: 2015-01
New Economics Papers: this item is included in nep-acc, nep-sea and nep-tra
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.adb.org/publications/emerging-issues-fi ... oples-republic-china (application/pdf)
http://www.adb.org/publications/emerging-issues-fi ... oples-republic-china (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:asd:wpaper:rpt147038-2

Access Statistics for this paper

More papers in ADB Reports from Asian Development Bank (ADB) Contact information at EDIRC.
Bibliographic data for series maintained by Jun de Jesus ().