TY  - JOUR
TT  - Measure and Evaluation of Financial Openness in China
AU  - Dou, Xiangsheng
PY  - 2016
DA  - May
JF  - International Journal of Economics and Financial Issues
JO  - IJEFI
PB  - İlhan ÖZTÜRK
WT  - DergiPark
SN  - 2146-4138
SP  - 985
EP  - 994
VL  - 6
IS  - 3
KW  - financial openness
KW  - measure indexes
KW  - financial market openness
KW  - capital and financial account openness
KW  - financial service trade openness
N2  - The key to China's economic openness is financial opening. Therefore, the correct measurement of China's financial openness is important for reform and opening up and the formulation and implementation of associated policies in China. This paper develops the indexes of financial openness to measure and evaluate financial opening level in China with the data from 2007 to 2013. The research results indicate that China's financial openness has reached a certain level at the current stage. Especially, a few of financial sectors have reached a relatively high openness level. On the whole, financial openness in China is in the middle level compared with the rest of the BRIC countries. However, China's financial openness is relatively low compared with the developed countries such as the Europe and the United States, showing that the degree of financial openness in China has yet to be further improved and enhanced.
UR  - https://dergipark.org.tr/tr/pub/ijefi/issue//353771
L1  - https://dergipark.org.tr/tr/download/article-file/364824
ER  -