search query: @author Zhang, Lihong / total: 4
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| Author: | Zhang, Lihong |
| Title: | Effect of tax system reform on China banks (original in Chinese) |
| Journal: | Reform of Financial System (c)
1994 : 10, p.48 |
| Index terms: | FOREIGN EXCHANGE FINANCIAL INNOVATION BANKS CHINA |
| Language: | chi |
| Abstract: | Single exchange rate is favorable to export of domestic and foreign funded enterprises. They can earn more foreign exchange. More RMB is needed to convert foreign exchange and so it is inevitable that more credit funds are used. China's economy becomes internationalized more and more. Interest rate will not be decided by domestic factors only. Interest rate of many countries is floating. So banks always face risk of floating interest rate. |
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