Entering into the1970s, financial liberalization and financial globalization sweeping through nearly all the countries, which, in the global scope, has become an irreversible trend. Many countries have relaxed the country's financial control conditions, making the national finance open to the world gradually. Since the reform and opening up, foreign banks have developed fast in China. Especially in late2001, when China joining the WTO, China accelerated its financial opening. In December11,2006, China kept ...
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