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Market Participants

  • Xiaojiang Zhang
Chapter

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.

Copyright information

© Springer Nature Singapore Pte Ltd. 2018

Authors and Affiliations

  1. 1.BeijingChina

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