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    Towards Financial Superpower: China's Financial Industry and Its Road to Internationalization

    Towards Financial Superpower by Lu, Lerong;

    China's Financial Industry and Its Road to Internationalization

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      • Publisher's listprice GBP 84.00
      • The price is estimated because at the time of ordering we do not know what conversion rates will apply to HUF / product currency when the book arrives. In case HUF is weaker, the price increases slightly, in case HUF is stronger, the price goes lower slightly.

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    42 512 Ft

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    Product details:

    • Publisher OUP Oxford
    • Date of Publication 12 June 2025

    • ISBN 9780198948537
    • Binding Hardback
    • No. of pages256 pages
    • Size 234x156 mm
    • Language English
    • 700

    Categories

    Short description:

    Lu captures the fast-changing and dynamic nature of China's financial institutions and markets and critically assesses their strengths and special characteristics, addressing if and when China becomes the next global financial superpower.

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    Long description:

    The topic of the financial industry, from both practical and regulatory perspectives, has been widely debated since the Global Financial Crisis of 2007-2008, but the discussion is mostly framed within a Western context. However, China now boasts one of the largest and most dynamic financial systems in the world and has three of the largest global stock markets as well as the gigantic commercial banks such as the ICBC and the Bank of China. It is actively opening its financial markets by reforming its securities law and introducing stock connect schemes with exchanges in the UK and Switzerland and also has the most advanced Fintech and mobile payment sector. China's central bank digital currency (CBDC) pilot project is already being rolled out on a national scale, contributing to the rise of the Chinese yuan as a new global currency.

    In this volume, Lerong Lu explores the remarkable rise of China's financial industry, its detailed operating mechanisms, and regulatory frameworks and regime. He examines the legal and regulatory environments underpinning this industry, including its regulatory agencies and institutional arrangements (such as the People's Bank of China, the National Financial Regulatory Administration, and the China Securities Regulatory Commission), financial safety net and crisis management tools, and specialized financial courts and dispute resolution mechanisms.

    Lu captures the fast-changing and dynamic nature of China's financial institutions and markets from three unique angles: financial marketization, financial globalization, and financial innovation. Through detailed case studies, the author critically assesses the strengths and special characteristics of these financial institutions, markets, and currencies in the world's second-largest economy, addressing if and when China becomes the next global financial superpower.

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    Table of Contents:

    List of Figures
    List of Tables
    List of Abbreviations
    Overview of China's financial industry
    China's financial regulatory agencies
    China's financial safety net
    China's banking industry
    China's capital markets
    China's central bank digital currency
    China's financial courts
    The internationalization of China's financial industry
    Bibliography
    Index

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