In this authoritative book, a leading Chinese expert on financial and economic law thoroughly explains the functions, activities and procedures that characterize the behaviour of financial institutions under current Chinese law. The book features:
- control of monetary policy formulation and implementation by the People's Bank of China (PBOC)
- modern central banking functions of the PBOC
- independence and accountability of the PBOC
- requirements and procedures for banking entry
- specific risk-based regulatory and supervisory requirements of the China Banking
- Regulatory Commission (CBRC)
- problem bank resolutions of the CBRC
- foreign banking law developments before and post WTO transitional period
- impact of new foreign banking regulations and rules on foreign bank activities in China