Advanced Search
MyIDEAS: Login to save this article or follow this journal

A Retrospect on China's Banking Reform


Author Info

  • Wai Chung Lo
Registered author(s):


    China's banking system has undergone substantial changes in the past two decades, and it has been transformed from an institutional setup for central planning to a banking system in a market-oriented economy. The reform strategy is consistent with the overall economic reform in China, which, unlike many transitional economies in Eastern Europe, has taken a gradual or incremental approach. This approach enables the banks in China to progress in phases from the accounting units of the central planner to a modern commercial banking system consistent with the price system which aims at efficient allocation of financial resources. The first phase of the reform (1978-92) created a banking system that was oriented to a market economy but imprinted with the legacy of central planning. The second phase of reform (1992-present) has removed the remnants of central planning and established a full-fledged modern banking system. The purpose of this paper is to delineate the banking reform's gradual approach, with the focus on the achievements and problems of each stage.

    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:
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Bibliographic Info

    Article provided by M.E. Sharpe, Inc. in its journal Chinese Economy.

    Volume (Year): 34 (2001)
    Issue (Month): 1 (January)
    Pages: 15-28

    as in new window
    Handle: RePEc:mes:chinec:v:34:y:2001:i:1:p:15-28

    Contact details of provider:
    Web page:

    Related research



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


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

    Cited by:
    1. Bayraktar, Nihal & Yan Wang, 2004. "Foreign bank entry, performance of domestic banks, and sequence of financial liberalization," Policy Research Working Paper Series 3416, The World Bank.
    2. Chan, Kam C. & Fung, Hung-Gay & Thapa, Samanta, 2007. "China financial research: A review and synthesis," International Review of Economics & Finance, Elsevier, vol. 16(3), pages 416-428.


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


    Access and download statistics


    When requesting a correction, please mention this item's handle: RePEc:mes:chinec:v:34:y:2001:i:1:p:15-28. 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: (Chris Nguyen).

    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.