"China’s economic growth – selected financial aspects"

Spis treści

Introduction 7

Chapter 1. The monetary policy of China — evolution and perspectives (Joanna Bogołębska) 9

1.1. The evolution of the final and intermediate objectives of the monetary policy 10

1.2. The evolution of monetary policy instruments 14

1.3. China’s exchange rate policy 18

1.4. Challenges for the monetary policy 20

Conclusions 22

2.1. The bond market in the Chinese financial sector and the determinants of its development 23

Chapter 2. Directions and prospects for the development of the bond market in China (Joanna Bogołębska) 23

2.2. Bond market segments, trading venues, and categories of investors 27

2.3. The characteristics of today’s bond market 30

2.4. Treasury debt securities market 35

2.5. Prospects for an increase in the role of the Chinese bond market in the international financial system 37

Conclusions 38

Chapter 3. Corporate finance — China’s big four banks (Magdalena Rosińska-Bukowska) 39

3.1. Origins and determinants of changes in the corporate finance of China 40

3.2. Evolution of Chinese banking system — the emergence of China’s big four banks 44

3.3. The Industrial and Commercial Bank of China — ICBC 47

3.4. China Construction Bank Corporation — CCB 50

3.5. Agricultural Bank of China — ABC 54

3.6. Bank of China — BOC 56

Conclusions 59

Chapter 4. China’s largest credit institutions in light of Basel III implementation (Klaudia Zielińska-Lont) 61

4.1. Short characteristics of the Chinese banking sector 62

4.2. Basel Accords short overview 64

4.3. Basel Accord implementation and prudential supervision in China 65

4.4. Economic impact of implementing the Basel Accord 66

Conclusions 74

Chapter 5. The development of the FinTech sector as a source of innovation for the Asian financial market — the example of China (Karolina Anielak) 75

5.1. The FinTech sector in global terms 76

5.2. FinTech as an innovation in the financial market 77

5.3. The characteristics of the Asian market FinTech 79

5.4. Development of FinTech’s market in China 84

Conclusions 91

Conclusions 93

References 95

List of figures 103

List of tables 105