search query: @indexterm CREDIT MARKETS / total: 99
reference: 83 / 99
Author: | Bi, K. |
Title: | The credit markets in China. |
Journal: | Columbia Journal of World Business
1993 : FALL, VOL. 28:3, p. 76-95 |
Index terms: | CREDIT MARKETS FINANCE SECURITIES BANKING CHINA |
Language: | eng |
Abstract: | In 1949, the Chinese Communists closed all public securities markets in mainland China and established a banking system which became the sole institution of Chinese finance for the next 40 years. Now, in the "post-Mao era" and Deng's waning years, China has begun to rethink its financial system and build a small market for debt securities. The writer traces the history of the Chinese credit markets and analyzes the current state of credit-based capital in China, particularly the primary and secondary debt markets. |
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