Chapter

Financial System Reform in China: Lessons from Japan's Main Bank System

Yingyi Qian

in The Japanese Main Bank System

Published in print February 1995 | ISBN: 9780198288992
Published online August 2004 | e-ISBN: 9780191601224 | DOI: http://dx.doi.org/10.1093/0198288999.003.0016
 Financial System Reform in China: Lessons from Japan's Main Bank System

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This chapter examines financial system reform in China. It presents an overview of the changes in China’s financial sector since 1979, and discusses the main problems of the sector until 1992. The relevance of the Japanese financial system to Chinese reforms is then analysed. It is argued that China should adopt several institutional elements of the Japanese financial system. China should learn to adapt, rather than simply copy, the institutions found in other countries which are useful to its own specific situation.

Keywords: China; financial system reform; Japanese main bank system; banking sector; financial sector; financial policy

Chapter.  16442 words. 

Subjects: Financial Markets

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