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| Tekijä: | Jia, Youlong Qin, Jian |
| Otsikko: | Several problems to be solved urgently in the business of open market in China (original in Chinese) |
| Lehti: | Study of Finance and Economics (c)
1997 : 2, p.22-26 |
| Asiasana: | BANKS BANKING MONETARY POLICY MONEY MARKETS |
| Kieli: | chi |
| Tiivistelmä: | One is the policy-making mechanism of open market business. The department of planning funds as a functional department of the central bank needs to be reformed before it becomes an advisory organ for policy-making. Besides, the committee of monetary policy with clearly defined duties should be established as soon as possible. Two is the subject of transactions in the business of open market. The People's Bank of China, which should be authorised by the State Council makes selection from self-managing dealers dealing in primary government bonds to form a contingent of primary dealers. It should also grants them certain privileges in legal form and stipulates the duties they should have. |
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