Financial Systems and Capital Markets
Financial Systems and Capital Markets
Overview
China’s financial system combines state control with market-oriented reforms. Its capital markets are growing in global significance, presenting opportunities for investors and businesses.
Key Points:
- Banking: Dominated by state-owned enterprises but increasingly diverse.
- Currency: The yuan (RMB) is gaining international relevance.
- Fintech: Platforms like Alipay and WeChat Pay dominate the payment landscape.
Why It Matters
Understanding the financial system is key to managing operations and investments in China.