Issues on China’s Financial Law in the Context of Finance Globalization

ID:	TARP-198
Title:	Issues on China’s Financial Law in the Context of Finance Globalization
Source:	Legal Forum, No.4, Aug.20, 2000
Parties:
Dispute Resolution Organ:
Year:	2000
Pages:	0
Author(s):	Xiaoyong He
Keywords:	China, financing, globalization, supervision, financial services, finance, financial law, Asian Financial Crisis, market access
Abstract:	Since the 21st Century, the development of finance shows a tendency of globalization, characterized as internationalization of finance, liberalisation of finance, unification of rules of financial transactions, internationalization of harmonization of financial policies, integration of financial market, supposition of financial capital and globalization of financial information, etc. At the same time, the financial risks of developing countries are increasing. One of the most important reasons of financial crisis in Asia is the combination of financial globalization and distempered financial supervisory mechanism and the premature financial liberalization. As the financial globalization is strengthened, the financial crisis now is shady, gusty and internationally contagious. Therefore, China shall build a financial supervision accordingly in order to participate in the financial globalization. At present, China shall especially stengthen market access, withdrawal of financial institutions from market, management of foreign debts and transparency of financial policies, etc.
Secured:	False
Download Article:	Available here (Chinese)