This book addresses the on-going process of financial restructuring and reform

in post-WTO China from a legal perspective. Chapter 1 provides an overview of

the impact of the WTO on Chinaand#8217;s financial markets and financial law systems.

Chapter 2 discusses reform of banking law and regulation in post-WTO China.

Chapter 3 addresses the role of the central bank in Chinaand#8217;s financial system,

focusing on issues of independence and accountability of the Peopleand#8217;s Banking

of China (PBOC), Chinaand#8217;s central bank. Chapter 4 analyses Chinaand#8217;s compliance

with WTO obligations in the area of banking. Chapter 5 discusses the role of

asset management companies (AMCs) in Chinaand#8217;s on-going banking restructuring

and liberalization. Chapter 6 analyses the development of securities markets

in China, the challenges being faced and the impact of the WTO. Chapter 7

describes insurance and its development in China, focusing on the role of the

WTO in liberalization. A new topic in China, i.e., financial conglomerates, is

discussed in chapter 8, building upon the discussions in the previous

chapters. Chapter 9 in turn studies the issue of financial institution

insolvency and restructuring as noted in previous chapters, key issues in

China. Chapter 10 discusses the double impact of the WTO and one of Chinaand#8217;s

regional trade agreements, CEPA, on Chinaand#8217;s banking law.