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Общая характеристика финансовых рынков Китайской Народной Республики // General Characteristics of the Financial Markets in the People’s Republic of China

Author

Listed:
  • M. Arakcheevа

    (Financial University)

  • М. Аракчеева

    (Финансовый университет)

Abstract

In this article the author presents the main characteristics of the economy of the People’s Republic of China. First of all, the Chinese government has a prudent policy of gradual opening and liberalisation of the economy. However, significant impact on economic development and the state of international settlements in the Asian region is influenced by currency and monetary policy. Therefore, for Chinese state authorities maintenance of stable national currency becomes especially important. In the early 1980s, the government began opening the banking system and the four state-owned specialised banks to accept deposits and perform banking activities. Also, the author analysed development of financial markets of the People’s Republic of China. Finally, the author discussed the emerging markets of bitcoin and cryptocurrencies in China. Характеризуя состояние экономики и финансовых рынков КНР, автор статьи отмечает: в настоящее время поддержание стабильной национальной валюты для китайского государства становится особенно важным, поскольку значительное влияние на экономическое развитие и состояние международных расчетов в Азиатском регионе оказывает валютно-денежная политика. Открыв в начале 1980-х гг. банковскую систему и четыре государственных специализированных банка для приема депозитов и осуществления банковской деятельности, китайское правительство все последующие годы проводило и проводит взвешенную политику постепенного открытия и либерализации экономики, что позволило Китаю стать второй экономикой в мире. В работе анализируются современные тренды развития финансовых рынков в Китае, даются характеристики и оценки развивающимся рынкам биткоина и криптавалют.

Suggested Citation

  • M. Arakcheevа & М. Аракчеева, 2019. "Общая характеристика финансовых рынков Китайской Народной Республики // General Characteristics of the Financial Markets in the People’s Republic of China," Review of Business and Economics Studies // Review of Business and Economics Studies, Финансовый Университет // Financial University, vol. 7(1), pages 44-56.
    • Handle: RePEc:scn:00rbes:y:2019:i:1:p:44-56
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    References listed on IDEAS

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    1. Akhand Akhtar Hossain, 2015. "The Evolution of Central Banking and Monetary Policy in the Asia-Pacific," Books, Edward Elgar Publishing, number 14611.
    2. Kroeber, Arthur R., 2016. "China's Economy: What Everyone Needs to Know," OUP Catalogue, Oxford University Press, number 9780190239039.
    3. Andrew Collier, 2017. "Shadow Banking and the Rise of Capitalism in China," Springer Books, Springer, number 978-981-10-2996-7, January.
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