Advanced Search
MyIDEAS: Login

Developing the Bond Market in China: the Next Step Forward in Financial Reform

Contents:

Author Info

  • Michel Aglietta
  • Pierre Maarek
Registered author(s):

    Abstract

    The long haul across capital-intensive growth in China will gradually come to an end. As a “silent revolution”, the financial reform taking place is laying the foundations for a modern market economy, in which the efficient allocation of capital should ensure a steady growth rate. Supported by accumulated savings and current regulatory reforms, this transformation entails new responsibilities for the State and the need for a social security setting up the mutual sharing of economic and social risks. The development of corporate bond markets and the diversification of external finance for the business sector are conditional on the emergence of a broad and liquid public bond market. Its supply will arise from public expenses, and its demand from the growth of powerful institutional investors.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.economieinternationale.fr/IE/rev111/rev111b.htm
    Download Restriction: no

    Bibliographic Info

    Article provided by CEPII research center in its journal Economie Internationale.

    Volume (Year): (2007)
    Issue (Month): 111 ()
    Pages: 29-53

    as in new window
    Handle: RePEc:cii:cepiei:2007-111b

    Contact details of provider:
    Postal: 113, rue de Grenelle, 75700 Paris SP07
    Phone: 33 01 53 68 55 00
    Fax: 33 01 53 68 55 01
    Web page: http://www.cepii.fr
    More information through EDIRC

    Related research

    Keywords: Investors; market liquidity; pension; public expenditures; saving; capital market;

    Find related papers by JEL classification:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as in new window

    Cited by:
    1. Jun Jiang & Komain Jiranyakul, 2013. "Capital Structure, Cost of Debt and Dividend Payout of Firms in New York and Shanghai Stock Exchanges," International Journal of Economics and Financial Issues, Econjournals, vol. 3(1), pages 113-121.

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:cii:cepiei:2007-111b. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ().

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.