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《Journal of Hubei TV University》 2000-01
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China's Finance: Twenty Years' Reforms & Ten Transformations

Zheng Yaodong  
Great changes have taken place in China's financial sector during past two decades. Financial institutions, markets, regulatory framework, and regulations systems have been established. Reviewing the financial reforms within two decades, we summarize its great changes as follow: (1) transform from the combination of commercial finance and policy finance into complete segregation; (2) transform from internal state-owned banks into external state-owned system; (3)transform from single bank system into manifold financial institutions; (4) transform from direct control into indirect adjustment; (5) transform from repressing financial market into deepening financial markets; (6)transform from financial institution into financial regulation system; (7) transform from single financial structure into manifold one; (8)authority transform from simple administrative control into regulatory supervision; (9)transform from planning control of foreign exchange into constant account convertible; (10)transforrn from closing the country to international intercourse into opening-up to the world.
【CateGory Index】: F832.9
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