Developing the bond market in China: The next step forward in financial reform (notice n° 593868)
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| fixed length control field | 02742cam a2200301 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250121150651.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Aglietta, Michel |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | Developing the bond market in China: The next step forward in financial reform |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2007.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 86 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | RésuméLa longue phase d’une croissance chinoise intensive en capital arrive progressivement à son terme. Véritable “révolution silencieuse”, la réforme financière actuelle est au fondement d’une économie de marché moderne dans laquelle l’allocation efficace du capital doit assurer une croissance régulière. Soutenue par l’immense épargne accumulée et les réformes réglementaires en cours, cette marche vers la “société harmonieuse” nécessite néanmoins de nouvelles dépenses publiques et une protection sociale mutualisant les risques sociaux et économiques. Le développement des obligations privées et la diversification des sources de financement externe pour les entreprises passent par la formation d’un marché large et liquide pour les titres publics. Son offre est tirée par les importants besoins en dépenses de l’État, et sa demande par l’apparition de puissants acteurs institutionnels.Classification JEL : G10 ; G23 ; H50 ; H55. |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | The long haul across capital-intensive growth in China will gradually come to an end. As a “silent revolution”, the financial reform taking place is laying the foundations for a modern market economy, in which the efficient allocation of capital should ensure a steady growth rate. Supported by accumulated savings and current regulatory reforms, this transformation entails new responsibilities for the State and the need for a social security setting up the mutual sharing of economic and social risks. The development of corporate bond markets and the diversification of external finance for the business sector are conditional on the emergence of a broad and liquid public bond market. Its supply will arise from public expenses, and its demand from the growth of powerful institutional investors. JEL Classification: G10; G23; H50; H55. |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | retraites |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | liquidité du marché |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | dépenses publiqes |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | épargne |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | investisseurs institutionnels |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | pension |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | institutional investors |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | market liquidity |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | public expenditures |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | saving |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Maarek, Pierre |
| Relator term | author |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Économie internationale | 111 | 3 | 2007-09-01 | p. 29-53 | 1240-8093 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/revue-economie-internationale-2007-3-page-29?lang=en&redirect-ssocas=7080">https://shs.cairn.info/revue-economie-internationale-2007-3-page-29?lang=en&redirect-ssocas=7080</a> |
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