The Rise of China as a Financial Power

In recent year, the European banking industry suffered heavy losses due to European debt crisis, and the profit before tax sharply reduced; the U.S. banking industry continuously revived with stable performance; while China’s banking industry became the highland of profits, and there were 103 Chinese banks in the Top 1000 bank ranking issued by The Banker in 2012. Then, policymakers are beginning to plan the financial strategy for building China as a financial power.

Though China is rising as a great power, China’s financial system is still highly regulated and underdeveloped. Then how can China realize its financial rising of a great power? This involves the problems at two levels: firstly, what kinds of strategies should be adopted for the role of China in the international financial market, including problems of IMF reforms, the diversification of international reserve currency, and RMB exchange rates etc.; secondly, how reforms should be carried out for China’s financial system to cope with such a role, including China’s reforms for various internal levels, such as more flexible RMB interest rate system, promoting the market-oriented reforms of banks, to construct international financial centers, and at more macroscopic and long-term levels to excavate the roles of informal institutions on financial reforms etc.. This has constituted major issues that SIFL Institute has paid attention to in recent years, and this book is part of the achievements on these issues.

Book Details

Author：SIFL Institute

Publisher:  Truth & Wisdom Press

Publication date： 2013-11-1

Pages： 372

Words： 360000