Chinese Financial System
China's financial system is highly regulated and has recently begun to expand rapidly as monetary policy becomes integral to its overall economic policy. As a result, banks are becoming more important to China's economy by providing increasingly more finance to enterprises for investment, seeking deposits from the public to mop up excess liquidity, and lending money to the government.
As part of US$586 billion economic stimulus package of November 2008, the government is planning to remove loan quotas and ceilings for all lenders, and increase bank credit for priority projects, including rural areas, small businesses, technology companies, iron and cement companies.
Read more about Chinese Financial System: Financial Reform, Economic Reform, Government Finances and Budget, Taxation, Inflation, Banking Sector, Banking Reform, Foreign Banks, Stock Exchanges, Development, Trade Balance, Balance of Payments, External Debt, Foreign Aid and Foreign Investment, Currency and Foreign Exchange Control, Fiscal Year, Insurance
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