Business, Management and Accounting
8 years ago

China's Financial System Faces Urgent Need for Reform After Global Crisis

Journal of Luoyang Institute of Science and Technology
The American Financial Crisis and the Enlightenment to the Reform of Financial System in China
Qiang Liu

Paper Summary

The 2008 global financial crisis caused by the American subprime loan crisis had a limited impact on China's financial institutions due to its partially closed capital market. To address potential weaknesses in China's financial system, a comparative analysis suggests reforms are needed in investor obligations, bankers' risk management abilities, and government oversight.

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