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Frontiers of Economics in China

ISSN 1673-3444

ISSN 1673-3568(Online)

CN 11-5744/F

Postal Subscription Code 80-978

Front Econ Chin    2010, Vol. 5 Issue (3) : 430-444    https://doi.org/10.1007/s11459-010-0106-0
research-article |
Study on the Measurement of China’s Financial Intermediation Ratio in Terms of Stock: 1992–2006
Zhanyu Ying()
School of Finance, Central University of Finance and Economics, Beijing 100081, China
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Abstract

In terms of China’s financial intermediation ratio (FIMR) in stock, we make a thorough empirical study on the change of the ratios during 1992–2006. We find that: The monopoly position of bank credit in the financing channel of non-financial sector is weakened, but bank credit is still the most important financing channel for non-financial sector. There is a structure change in the financing channel of government sector and its FIMR is increasing. Though the scale of non-banking financial institutions underwent rapid development during 1992–2006, their role in social financing cannot be evenly matched with banking system. It is the change of various economy behaviors that induce the changes of FIMR in China.

Keywords financial intermediation ratio      stock index      financial structure     
Corresponding Authors: Zhanyu Ying,Email:zhanyuying@263.net   
Issue Date: 05 September 2010
 Cite this article:   
Zhanyu Ying. Study on the Measurement of China’s Financial Intermediation Ratio in Terms of Stock: 1992–2006[J]. Front Econ Chin, 2010, 5(3): 430-444.
 URL:  
http://academic.hep.com.cn/fec/EN/10.1007/s11459-010-0106-0
http://academic.hep.com.cn/fec/EN/Y2010/V5/I3/430
[1] Justin Yifu LIN, Xifang SUN, . Banking structure and economic growth: Evidence from China[J]. Front. Econ. China, 2009, 4(4): 479-504.
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