In financlal system ,the surplus units and the deficlt units interact with each other through commercial banks or through capital market (suchas stock and bond market ).In the past few years ,a large part of total social financing ( in China has been completed through commercial banks ,which indicates that Chinese financial system is a bank-dominated system .In 2017 ,the report dellivered at The 19th Congress of the Communist Party of China ( stated that China will increase the proportion of direct financing and promote the healthy development of a multilevel capital market (

In financial system, the surplus units and the deficit units interact with each other through commercial banks or through capital market (such as stock and bond market). In the past few years, a large part of total social financing (te ) in China has been completed through commercial banks, which indicates that Chinese financial system is a bank-dominated system. In 2017, the report delivered at The 19th National Congress of the Communist Party of China (+ ) stated that China wl increase the propotion of direct Inancing ( A) and promote the healthy development of a multilevel capital market ( ERAT 131 ) In financial system, the surplus units and the deficit units interact with each other through commercial banks or through capital market (such as stock and bond market). In the past few years, a large part of total social financing (te ) in China has been completed through commercial banks, which indicates that Chinese financial system is a bank-dominated system. In 2017, the report delivered at The 19th National Congress of the Communist Party of China (+ ) stated that China wl increase the propotion of direct Inancing ( A) and promote the healthy development of a multilevel capital market ( ERAT 131 )