CEU Electronic Theses and Dissertations, 2009
| Author | Wu, Hui-Chun |
|---|---|
| Title | THE TRANSITION OF THE CHINESE BANKING SYSTEM FROM STATE CONTROL TO LIBERALIZATION: A MYTH OR A TRUTH? - An assessment of the reforms of the large commercial banks and small foreign banks in China from 1978 to 2009 |
| Summary | In the last three decades, the Chinese government has gradually opened up its economy and implemented several reforms in a number of industries. However, the reform of the banking system has not kept pace with these industries. In other words, strong control from the state in the banking system remains as the core idea in the Chinese government’s financial policy. The degree of financial liberalization in China remains low, despite its membership of and commitments to the WTO. Furthermore, this financial policy is strengthened by the global financial crisis in 2008 which has massively damaged the liberal banking systems in most of the developed countries. This thesis presents these arguments by a comprehensive assessment on the changes on two of the most representative banking sectors – the large commercial banks and small foreign banks – from 1978 to the first season of 2009. In addition, it unveils the strategies employed by the Chinese government to effectively introduce reforms without losing control, and argues that the WTO has had a limited effect on the banking system in China. |
| Supervisor | Bokros Lajos |
| Department | Public Policy MA |
| Full text | https://www.etd.ceu.edu/2009/wu_hui-chun.pdf |
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