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China's Non-Bank Financial Institutions. Turst and Investment Companies

Author

Listed:
  • Kumar, A.
  • Lardy, N.
  • Albrecht, W.
  • Chuppe, T.
  • Selwyn, S.
  • Perttunen, P.
  • Zhang, T.

Abstract

Diversification of the financial sector has been one of the central features of China's recent and rapid economic growth. This book traces the development of China's Trust and Investment Companies (TICs), the most numerous non-bank financial institutions to emerge in China, and their link to the banking system. It describes TICs' role in the financial sector by presenting the legal and regulatory framework in which these companies operate and the regulatory framework for securities companies and mutual funds.

Suggested Citation

  • Kumar, A. & Lardy, N. & Albrecht, W. & Chuppe, T. & Selwyn, S. & Perttunen, P. & Zhang, T., 1997. "China's Non-Bank Financial Institutions. Turst and Investment Companies," World Bank - Discussion Papers 358, World Bank.
  • Handle: RePEc:fth:wobadi:358
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    Cited by:

    1. Xiaoqiang Cheng & Hans Degryse, 2010. "The Impact of Bank and Non-Bank Financial Institutions on Local Economic Growth in China," Journal of Financial Services Research, Springer;Western Finance Association, vol. 37(2), pages 179-199, June.

    More about this item

    Keywords

    FINANCIAL INSTITUTIONS ; INVESTMENTS ; LEGISLATION;

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies

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