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Essay / Research Paper Abstract
This 9 page paper examines the structure, regulation and operations of the Chinese banking system, including the types of bank that operate. The banking system is compared to developed western systems and Africa. The bibliography cites 4 sources.
Page Count:
9 pages (~225 words per page)
File: TS14_TEchinabank.rtf
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Unformatted sample text from the term paper:
one of the first industries to be totally socialized (Guo, 2002). During the period following the Civil War, which took place between 1949 - 1952, the Peoples Bank of China
took effect is in rapid action to bring about financial stability, halting spiraling inflation and bringing over the finances under a central system of control. During the early years of
the Peoples Republic of China the banking system was centralized under the control of the Ministry of Finance. Since that time the Ministry of finance is exercised a great and
controlled by the way the banking industry is operated, including the financial services which are offered, the way credit is provided in the money supply. However, during the 1990s there
was some expansion of banking services with diversification taking place to meet the needs of the reform program, a period when importance and scale of banking rose significantly (Guo, 2002).
The current banking system best many of the hallmarks of this highly controlled and regulated framework, despite the varying of financial barriers and the country joining the World Trade Organization.
The banking sector can be seen as moving towards more efficient models and systems, but when compared to areas such as the European Union and United States the banking sector
remains weak and fragile. However, compared to some African nations it is developing with better regulation and in a more stable mana. The financial services sector within China is still
dominated by the banks, which remained the main source of business financing. The banks have a large amount of assets, at the end of 2002 there were 26.4 trillion yuan1
in assets; this equates it to 85% of the assets held by the entire financial services industry (Ping, 2003). Following in the countries decision to join the World Trade Organization
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