Financial liberalization and restructuring in China
One of the major issues in global finance as well as within the region is the ongoing process of financial liberalization and reform in China. As a result, this has been a core area of interest for AIIFL. As one example, from 2002-2004, AIIFL hosted an RGC-funded project on “Financial Regulation and the WTO: Liberalisation and Restructuring in China” (HK$598,000), with Douglas Arner as principal investigator and Mattheo Bushehri, Berry Hsu, Lou Jianbo of Cambridge and Peking Universities and Zhou Zhongfei of the Shanghai University of Finance and Economics as co-investigators. The project team conducted analysis of liberalisation and the restructuring of financial markets in China in the context of the accession of the PRC to the World Trade Organisation (WTO).