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2008-04-21

Financial Reform and Economic Development in China

by
James Laurenceson
Lecturer in Economics, University of Queensland, Australia
Joseph C.H. Chai
Associate Professor of Economics, University of Queensland,
Australia
Edward Elgar
Cheltenham, UK • Northampton, MA, USA
ADVANCES IN CHINESE ECONOMIC STUDIES

ISBN 1 84064 988 7

Contents
List of figures vii
List of tables ix
Abbreviations xi
Acknowledgements xiii
1 Introduction 1
2 Domestic financial liberalization and financial depth in China 8
3 The performance of China’s state-owned industrial enterprises 32
4 The performance of China’s state-owned banks 46
5 Non-bank financial institutions and economic development in
China 63
6 Stock markets and economic development in China 79
7 External financial liberalization in China 98
8 Conclusion 124
Appendix 133
References 139
Index 153

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