After twenty year’s financial reform and development, our country has formed a financial system which being evolved from a unity system to a multiplicate system.
In this system, the peoples bank of China is the central bank, Supervision Committee of the bank, Supervision Committee of the stockjobber and Supervision committee of the insurance agent act as supervise departments, policy banks and commercial banks is divided, Solely state-owned bank is the principal part, many kinds of finacial institute exist. At the same time, financial market have developed quickly, such as bond market, stock market, and derivatives market. But the most dramatic achievement in Chinese financial system is expanding in quantity, there is still some hidden trouble in financial system. Especially joined WTO, with the opening of financial system, we will face international finance function rules, which ask Chinese financial reform must conform to the world tide, and accord with Chinese situation.
So, the research on power of financial system evolution is becoming a very important issue. Only when we know which power acts on financial system, and how they act on, we can know the direction of Chinese financial system evolution.
<Ps.> In my rencent wokingpaper, I first analyze the characteristics of two different type system, and point out the trend of financial system evolution is unconstrained bank and market-dominated type. Secondly, I discuss the power of financial system evolution, such as macro-economic environment, system environment, micro-economic unit, and so on. Thirdly, I analyze the history and the present status of Chinese financial system evolution. Finally, I find out the power of Chinese financial system evolution and bring out some suggestion to reform of Chinese financial system.
In this system, the peoples bank of China is the central bank, Supervision Committee of the bank, Supervision Committee of the stockjobber and Supervision committee of the insurance agent act as supervise departments, policy banks and commercial banks is divided, Solely state-owned bank is the principal part, many kinds of finacial institute exist. At the same time, financial market have developed quickly, such as bond market, stock market, and derivatives market. But the most dramatic achievement in Chinese financial system is expanding in quantity, there is still some hidden trouble in financial system. Especially joined WTO, with the opening of financial system, we will face international finance function rules, which ask Chinese financial reform must conform to the world tide, and accord with Chinese situation.
So, the research on power of financial system evolution is becoming a very important issue. Only when we know which power acts on financial system, and how they act on, we can know the direction of Chinese financial system evolution.
<Ps.> In my rencent wokingpaper, I first analyze the characteristics of two different type system, and point out the trend of financial system evolution is unconstrained bank and market-dominated type. Secondly, I discuss the power of financial system evolution, such as macro-economic environment, system environment, micro-economic unit, and so on. Thirdly, I analyze the history and the present status of Chinese financial system evolution. Finally, I find out the power of Chinese financial system evolution and bring out some suggestion to reform of Chinese financial system.