03750nam a22005415i 4500 978-981-97-8273-4 DE-He213 20251030114548.0 cr nn 008mamaa 241127s2024 si | s |||| 0|eng d 9789819782734 978-981-97-8273-4 10.1007/978-981-97-8273-4 doi HC KCZ bicssc BUS023000 bisacsh KCZ thema Lan, Rixu. author. aut http://id.loc.gov/vocabulary/relators/aut 88153 The Financial Development of China [electronic resource] / by Rixu Lan. 1st ed. 2024. Singapore : Springer Nature Singapore : Imprint: Springer, 2024. XI, 368 p. 40 illus., 3 illus. in color. online resource. text txt rdacontent computer c rdamedia online resource cr rdacarrier text file PDF rda Understanding China, 2196-3142 Introduction -- The Establishment of China's Financial System -- China's Financial Contribution to National Economic Recovery -- The Formation and Development of “Unified” Financial System -- The Tortuous Development of the Financial Industry during the Planned Economy Period -- Establishment and Improvement of the Central Banking System. The book builds an overview of Chinese financial development in the past 70 years since the founding of the PRC. China's finance has experienced a complex evolution process, which could be roughly divided into two major stages. In the 30 years before the reform and opening-up, China built a new financial system through integrating finance in the old and new liberated areas, based on the development of the financial industry during the revolutionary war, and then quickly established a financial system with the simple purpose of “managing funds” to meet the needs of the centralized socialist economic system. In more than 40 years after the reform and opening up, the role of China's financial system has gradually shifted from “managing funds” to “guiding the market”. A multi-level financial system was formed and centered on the People's Bank of China, with complete functions, diverse forms, collaborative division, and mutual complement. The transformation of China’s finance functions has greatly promoted the rapid growth of China's economy for 35 years. In the current economic restructuring, the "Internet +" model, led by Internet finance, has undoubtedly triggered the "squid effect" on China's economic development and financial sector innovation. Many areas, such as third-party payment and online lending, have begun to lead globally. Furthermore, the establishment of an inclusive financial system has brought financial functions closer to their essential role of serving the real economy. Economic history. 57506 Macroeconomics. Finance. 58339 Economic History. 57506 Macroeconomics and Monetary Economics. 69508 Financial Economics. 69737 SpringerLink (Online service) Springer Nature eBook Printed edition: 9789819782727 Printed edition: 9789819782741 Printed edition: 9789819782758 Understanding China, 2196-3142 72877 https://doi.org/10.1007/978-981-97-8273-4 ZDB-2-ECF ZDB-2-SXEF 65262 65262