by Yan Yuk Fung. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1996. / Includes bibliographical references (leaves 41-42). / ABSTRACT --- p.i / TABLE OF CONTENTS --- p.ii / LIST OF ILLUSTRATIONS --- p.iv / ACKNOWLEDGMENT --- p.v / Chapter / Chapter I. --- INTRODUCTION AND METHODOLOGY --- p.1 / Chapter II. --- BENEFITS AND TYPES OF CONVERTIBILITY --- p.3 / Economic Benefits --- p.3 / Current Account Convertibility --- p.4 / Capital Account Convertibility --- p.5 / Chapter III. --- TRENDS OF BALANCE OF PAYMENTS IN CHINA --- p.7 / Characterics --- p.7 / Trend of Current Account Balance --- p.8 / Trend of Capital Account Balance --- p.9 / Cyclical Nature of Balance of Payments --- p.10 / Chapter IV. --- EVOLUTION OF FOREIGN EXCHANGE REGIME SINCE 1978 --- p.12 / Trade Liberalization --- p.12 / Control on Current Account Transactions --- p.13 / Foreign Exchange Retention System and Swap Centres --- p.14 / Chapter V. --- DEVELOPMENT OF CONVERTIBILITY IN 1994 --- p.16 / Achieved Convertibility on Trade Related Transactions --- p.16 / China's Choice of A Managed Floating Rate Regime --- p.18 / Chapter VI. --- CONDITIONS FOR CONVERTIBILITY --- p.21 / Stable Domestic Price --- p.21 / Favourable Balance of Payment --- p.22 / Sufficient Foreign Reserve --- p.23 / Exchange Rate Stability --- p.24 / Liberalization Measures on Service Transactions Implemented in 1996 --- p.24 / Chapter VII. --- RISKS OF CONVERTIBILITY --- p.26 / Peso Depreciation in Mexico --- p.26 / Export Slowing Down in China --- p.27 / Cumulative Inflation --- p.28 / Budget Deficit --- p.29 / Risk of Import Surging with China Entering WTO --- p.30 / Foreign Direct Investment Slowing Down --- p.30 / Political Risks within China and Across the Formosa Strait --- p.31 / Chapter VIII. --- POLICY PRESCRIPTIONS --- p.33 / Maintain Balance of Payments --- p.33 / Fiscal & Monetary Discipline --- p.34 / Improve Efficiency of Foreign Exchange Market --- p.35 / Strengthen Economic and Financial Reforms --- p.35 / Avoid Premature Capital Account Convertibility --- p.36 / Chapter IX. --- CONCLUSION --- p.38 / RMB Full Current Account Convertibility Achievable Before 2000 --- p.38 / Business Implications --- p.39 / BIBLIOGRAPHY --- p.41
| Identifer | oai:union.ndltd.org:cuhk.edu.hk/oai:cuhk-dr:cuhk_320779 |
| Date | January 1996 |
| Contributors | Yan, Yuk Fung., Chinese University of Hong Kong Graduate School. Division of Business Administration. |
| Publisher | Chinese University of Hong Kong |
| Source Sets | The Chinese University of Hong Kong |
| Language | English |
| Detected Language | English |
| Type | Text, bibliography |
| Format | print, v, 42 leaves : ill. ; 30 cm. |
| Coverage | China, China, China |
| Rights | Use of this resource is governed by the terms and conditions of the Creative Commons “Attribution-NonCommercial-NoDerivatives 4.0 International” License (http://creativecommons.org/licenses/by-nc-nd/4.0/) |
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