Abstract
The most important fixed income players in China are banks. While banks started to appear in China the mid 19th century, modern banking system started to form in 1979 when China Construction Bank, Bank of China and Agricultural Bank of China were set up to address the need of financial services in basic infrastructure development, foreign exchange and agricultural development respectively. In 1984, three policy banks, China Development bank, Agricultural Development Bank of China and Export Import Bank of China were set up to free CCB, ABC and BOC from policy-related tasks in agriculture and other areas. ICBC was set to free commercial functions from the central bank, People’s Bank of China.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Author information
Authors and Affiliations
Corresponding author
Rights and permissions
Copyright information
© 2018 Springer Nature Singapore Pte Ltd.
About this chapter
Cite this chapter
Zhang, X. (2018). Market Participants. In: Capital Markets Trading and Investment Strategies in China. Springer, Singapore. https://doi.org/10.1007/978-981-10-8497-3_5
Download citation
DOI: https://doi.org/10.1007/978-981-10-8497-3_5
Published:
Publisher Name: Springer, Singapore
Print ISBN: 978-981-10-8496-6
Online ISBN: 978-981-10-8497-3
eBook Packages: Economics and FinanceEconomics and Finance (R0)