Internationalising China's Financial Markets

How has internationalisation influenced the emergence and growth of China's financial markets? Looking at market opening, entry of new actors in the banking and securities markets and altered actor constellations, this book explains not only the current position of foreign financial firms in China, but also some determinants of the newly emerging regulatory regime they operate in as well as reasons for the emergence of new types of domestic financial institutions. Providing the first thorough analysis of the market opening and the relation between domestic and international processes in the financial markets, the book thus helps to understand their unique actor constellation still dominated by state-owned domestic commercial actors and strong regulatory bodies. From the perspective of foreign businesses, the book contributes to de-mystifying the image of 'the large Chinese market waiting for aggressive foreign penetration' and explains some of the driving forces for market opening -- most of them far beyond the reach of individual (foreign) firms.