China's increasing role in global economic affairs has placed the country at a crossroads: how many and what types of international capital-market transactions will China permit? How will China's financial system change internally?
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Outlines the trajectory of China's financial markets since the advent of reform and anticipates their uncertain future. This book offers an overview of the history of financial-sector development, regulation, and performance and focuses on the banking sector, discussing the progress, challenges, and prospects of sector reform.