Local Financial Development and Competition in China

Date: June 1, 2012
Pages: 7
Price:
US$ 200.00
Publisher: China's Economy & Policy-Gateway International Group
Report type: Article
Delivery: E-mail Delivery (PDF), Online Subscription, E-mail Delivery (Word)
ID: L9372F5AB0BEN
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Local Financial Development and Competition in China
Abstract: Local financial problems have recently caused widespread concern. On March 28, 2012, participants at the executive meetings of the State Council approved the implementation of the experimental zone plan for comprehensive financial reform in Wenzhou, Zhejiang Province. They also prioritized 12 key tasks for this reform, including standardizing the development of private financing, accelerating the development of new financial organizations, and developing professional asset management agencies. On April 12th, 2012, participants at the executive meeting of the Shenzhen municipal government discussed and approved Suggestions Regarding Strengthening and Improving Financial Services to Support the Development of the Real Economy, which included a number of financial innovations such as cross-border RMB loans between banks in Shenzhen and Hong Kong. These proposals immediately led to heated discussions throughout the market. This article provides an analysis related to the reasons for, and the characteristics and consequences of local financial competition, and outlines corresponding countermeasures.
I. REASONS FOR THE INCREASE IN LOCAL FINANCIAL COMPETITION

II. CHARACTERISTICS OF LOCAL FINANCIAL COMPETITION

III. THE CONSEQUENCES OF LOCAL FINANCIAL COMPETITION

IV. MEASURES TO SOLVE THE INEFFICIENCIES IN LOCAL FINANCIAL COMPETITION
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