The major components of the Chinese financial system as it existed
by the end of 1990 are identified. The activities of each
component, its relative importance, and the role which each is
likely to play in the economy as it develops are discussed. The
components of the system include the State Council, the People's
Bank of China, the banking sector, the non-banking sector, and the
financial market. Professor Zhang Yichun and Mr Ma Mingjia have
access to privileged documentation on the development of this
financial system. The publication includes a note by R.L.
Blackmore.
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