Title: Assessing of China's Financial Function and Efficiency Seeing from Functional View
Abstract: The research on financial structure from function and efficiency can refer to financial function view given by Milton and Boudie in 1990's.Based on financial function view,a specific assessment is made on China's financial structure from monetary policy efficiency,the ratio of savings changing to investment,financial resource allocation efficiency and capabilities of finance accelerating technical innovation,etc.The result suggests that China's present financial function has not been put into full play,its financial efficiency is too low,and financial development is apparently lagged behind economy growth.It's necessary to construct a financial system with perfect functions,higher efficiency and a dynamic adapting mechanism to market economy in accordance with change of economic environment.It's critical to push continuously financial market-orientation,to develop non-state owned small and medium-sized banks and to put the government regulating role into full play.
Publication Year: 2007
Publication Date: 2007-01-01
Language: en
Type: article
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