SOAS Research Online

A Free Database of the Latest Research by SOAS Academics and PhD Students

[skip to content]

Brück, Sebastian and Sun, Laixiang (2008) 'Dream of the Red Financial Supermarket: The Gradual Emergence of Integrated Financial Services Provision in China in the 21st Century.' Journal of Chinese Economic and Business Studies, 6 (4). pp. 385-405.

This is the latest version of this item.

Full text not available from this repository.

Abstract

While the current regulatory trend in the area of banking scope regulation favours integrated financial services provision, China continues to restrict commercial banks' permissible range of business activities via its 1995 Commercial Bank Law. In this article, we propose an analytical framework that explicitly incorporates the sophistication-level constraint of a country's financial system into the regulatory trade-off calculation between banks' need for new growth opportunities and an increased risk of financial instability. Applying this framework to China, we first discuss the episode of financial instability that led policy-makers to re-segment the financial industry in 1995 and then analyse the rationale behind China's recent, gradual movement back towards integrated financial services provision. While improved risk management capabilities mean that China may now be ready for a more liberal banking scope regulatory regime, we find that a financial crisis could still derail this important element of China's financial sector reform strategy

Item Type: Journal Article
SOAS Departments & Centres: Legacy Departments > Faculty of Law and Social Sciences > School of Finance and Management
ISSN: 14765284
DOI (Digital Object Identifier): https://doi.org/10.1080/14765280802431696
Date Deposited: 29 Sep 2008 15:27
URI: https://eprints.soas.ac.uk/id/eprint/5415

Altmetric Data

Available Versions of this Item

  • Dream of the Red Financial Supermarket: The Gradual Emergence of Integrated Financial Services Provision in China in the 21st Century. (deposited 29 Sep 2008 15:27) [Currently Displayed]

Statistics

Download activity - last 12 monthsShow export options
Downloads since deposit
6 month trend
0Downloads
6 month trend
411Hits
Accesses by country - last 12 monthsShow export options
Accesses by referrer - last 12 monthsShow export options

Repository staff only

Edit Item Edit Item