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China’s International Banking and Financial System. By Paul D. Reynolds. New York: Praeger Publishers, 1982. Pp. xvii, 221. Index. $23.95.

Published online by Cambridge University Press:  23 March 2017

Michael P. Malloy
Michael P. Malloy*
Affiliation:
Seton Hall University
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Type
Book Reviews and Notes
Information
American Journal of International Law , Volume 78 , Issue 3 , July 1984 , pp. 718 - 719
Copyright
Copyright © American Society of International Law 1984

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References

1 The book does not include treatment of the restructuring of the PRC’s banking system announced in September 1983. See China Alters Banking Rote, N.Y. Times, Sept. 29, 1983, at D15, col. 2. Under the restructuring plan, commercial banking activities of the People’s Bank of China, the PRC central bank, were to be transferred to a newly established commercial bank. The People’s Bank would continue to exercise its central bank functions with respect to monetary policy. (The People’s Bank of China should not be confused with the Bank of China, a wholly owned subsidiary which operates as the PRC’s international banking arm. See Reynolds at 29-30).

2 The Bank of China’s role as foreign exchange bank for the PRC was apparently unaffected by the restructuring plan announced by the PRC Government in September 1983. See China Alters Banking Role, supra note 1.