IDEAS home Printed from https://ideas.repec.org/a/taf/rcejxx/v11y2018i1p44-52.html
   My bibliography  Save this article

The further opening up of China’s financial sector

Author

Listed:
  • Jun Zhu
  • Kai Guo
  • Ming Ai
  • Yue Zhao
  • Xuefei Bai

Abstract

Since the introduction of reform and opening-up policies, China has made great progress through a continued focus on the ‘troika’, the opening up of the financial sector, a market-oriented exchange rate regime, and the relaxation of foreign exchange regulation. In spite of this progress, the relative openness of China’s financial sector remains fairly low. Foreign financial institutions have a relatively small market share in China and still face restrictions regarding ownership and scope of business, the breadth and depth of financial market is to be further developed, and institutional environment requires further improvements in areas such as accounting, auditing, and taxation. In this next phase of development, China should continue to pursue coordinated progress in the ‘troika’, further open up financial sector through adopting Pre-establishment National Treatment (PENT) and a negative list, and step up risk prevention in the meantime.

Suggested Citation

  • Jun Zhu & Kai Guo & Ming Ai & Yue Zhao & Xuefei Bai, 2018. "The further opening up of China’s financial sector," China Economic Journal, Taylor & Francis Journals, vol. 11(1), pages 44-52, January.
    • Handle: RePEc:taf:rcejxx:v:11:y:2018:i:1:p:44-52
    DOI: 10.1080/17538963.2018.1416770
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/17538963.2018.1416770
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/17538963.2018.1416770?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:rcejxx:v:11:y:2018:i:1:p:44-52. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/rcej .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.