China Financial Reform (Herd, Pigott, Hill)

The document China’s Financial Sector Reform, prepared by Richard Herd, Charles Pigott and Sam Hill presents reforms to modernise and strengthen the financial sector have continued in recent years that have given rise to stronger Chinese banks. Concludes that "although the bond market has continued to grow, corporate bond issuance remains relatively small and this segment will need to be further developed in order to address the over-reliance on the banking system". Full text: http://www.olis.oecd.org/olis/2010doc.nsf/LinkTo/NT00000AEE/$FILE/JT03277812.PDF