Since the reform and opening up, China’s financial system has developed from the People’s Bank of China (the only one bank in the past) into a financial system in line with China’s national conditions, with a relatively complete system, flexible mechanism, complete categories, reasonable structure, full functions and effective supervision.

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Reform and Establishment of China’s Modern Financial System

  • Hongbing Ouyang,
  • Yaqing Liu,
  • Xiaofeng Zhao

摘要

Since the reform and opening up, China’s financial system has developed from the People’s Bank of China (the only one bank in the past) into a financial system in line with China’s national conditions, with a relatively complete system, flexible mechanism, complete categories, reasonable structure, full functions and effective supervision.