Participants in the Uruguay Hound have been enabled to take on specific commitments with respect to financial services under the General Agreement on Trade in Services (hereinafter referred to as the "Agreement&q...Participants in the Uruguay Hound have been enabled to take on specific commitments with respect to financial services under the General Agreement on Trade in Services (hereinafter referred to as the "Agreement") on the basis of an alternative approach to that covered by the provisions of Part Ⅲ of the Agreement. It was agreed that this approach could be applied subject to the following understanding: (i) it does not conflict with the provisions of the Agreement; (ii) it does not prejudice the right of ...展开更多
The period between 1993 and 2002 was a crucial part of China's macroeconomic regulation and financial reform and opening-up. Throughout most of this phase, the author was involved in making major decisions on mone...The period between 1993 and 2002 was a crucial part of China's macroeconomic regulation and financial reform and opening-up. Throughout most of this phase, the author was involved in making major decisions on monetary policy, financial markets, regulation, reform and opening-up, and fulfilled his duties as a central bank leader. This paper is dedicated to the 60th anniversary of the founding of the People's Republic of China.展开更多
Current negotiations on financial services at the WTO are concerned with improvingliberalization commitments over the Financial Services Agreement which became an integralpart of the General Agreement on Trade in Serv...Current negotiations on financial services at the WTO are concerned with improvingliberalization commitments over the Financial Services Agreement which became an integralpart of the General Agreement on Trade in Services (GATS) in 1997. Important underlyingissues of these negotiations are member states policy decisions in two particular areas:capital account liberalization and prudential regulation. These decisions not only determinethe member countries scope for liberalization; the liberalization commitments in turn alsolimit the scope of national economic policy in these two areas. Taking these characteristicsof financial services talks into account, there are two major goals for the ongoing negotiations:for industrialized countries to make progress with respect to trade business and for developingcountries and emerging-market economies to concentrate on improving market access onan established basis. For China, the most important goal is to implement the far-reachingliberalization commitments that were made in the context of its accession to the WTO inDecember 2001.展开更多
文摘Participants in the Uruguay Hound have been enabled to take on specific commitments with respect to financial services under the General Agreement on Trade in Services (hereinafter referred to as the "Agreement") on the basis of an alternative approach to that covered by the provisions of Part Ⅲ of the Agreement. It was agreed that this approach could be applied subject to the following understanding: (i) it does not conflict with the provisions of the Agreement; (ii) it does not prejudice the right of ...
文摘The period between 1993 and 2002 was a crucial part of China's macroeconomic regulation and financial reform and opening-up. Throughout most of this phase, the author was involved in making major decisions on monetary policy, financial markets, regulation, reform and opening-up, and fulfilled his duties as a central bank leader. This paper is dedicated to the 60th anniversary of the founding of the People's Republic of China.
文摘Current negotiations on financial services at the WTO are concerned with improvingliberalization commitments over the Financial Services Agreement which became an integralpart of the General Agreement on Trade in Services (GATS) in 1997. Important underlyingissues of these negotiations are member states policy decisions in two particular areas:capital account liberalization and prudential regulation. These decisions not only determinethe member countries scope for liberalization; the liberalization commitments in turn alsolimit the scope of national economic policy in these two areas. Taking these characteristicsof financial services talks into account, there are two major goals for the ongoing negotiations:for industrialized countries to make progress with respect to trade business and for developingcountries and emerging-market economies to concentrate on improving market access onan established basis. For China, the most important goal is to implement the far-reachingliberalization commitments that were made in the context of its accession to the WTO inDecember 2001.
