This book addresses the on-going process of financial restructuring and reform in post-WTO China from a legal perspective. Chapter 1 provides an overview of the impact of the WTO on China’s financial markets and financial law systems. Chapter 2 discusses reform of banking law and regulation in post-WTO China. Chapter 3 addresses the role of the central bank in China’s financial system, focusing on issues of independence and accountability of the People’s Banking of China (PBOC), China’s central bank. Chapter 4 analyses China’s compliance with WTO obligations in the area of banking. Chapter 5 discusses the role of asset management companies (AMCs) in China’s on-going banking restructuring and liberalization. Chapter 6 analyses the development of securities markets in China, the challenges being faced and the impact of the WTO. Chapter 7 describes insurance and its development in China, focusing on the role of the WTO in liberalization. A new topic in China, i.e., financial conglomerates, is discussed in chapter 8, building upon the discussions in the previous chapters. Chapter 9 in turn studies the issue of financial institution insolvency and restructuring as noted in previous chapters, key issues in China. Chapter 10 discusses the double impact of the WTO and one of China’s regional trade agreements, CEPA, on China’s banking law.
James R. Barth is the Lowder Eminent Scholar in Finance at Auburn University and a Senior Fellow at the Milken Institute. His research focuses on financial institutions and capital markets, both domestic and global, with special emphasis on regulatory issues. Recently, he served as leader of an international team advising the People's Bank of China on banking reform. Barth also participated in the U.S. Speaker and Specialist Program of the U.S. Department of State in China in 2007, India in 2008, Russia in 2009, and Egypt in 2010. Also in 2008, Barth spoke on "Competition in the Financial Sector: Challenges for Regulation" at the G-20 Workshop on Competition in the Financial Sector, Bali, Indonesia.
Barth was an appointee of Presidents Ronald Reagan and George H.W. Bush as chief economist of the Office of Thrift Supervision and previously the Federal Home Loan Bank Board. He has also held the positions of professor of economics at George Washington University, associate director of the economics program at the National Science Foundation, and Shaw Foundation Professor of Banking and Finance at Nanyang Technological University. He has been a visiting scholar at the U.S. Congressional Budget Office, Federal Reserve Bank of Atlanta, Office of the Comptroller of the Currency, and the World Bank.
