“Red” Banks

The Contribution of Chinese Banks to the Economic Rise of China (1980-2020)

Series: 

Author:
Chenzhu Song
Have you ever wondered how China’s banking sector powered the world’s most dramatic economic transformation? This book opens the vault, revealing how policy banks, state-owned giants, and daring joint-stock institutions fueled China’s rise from 1980 to 2020. You’ll explore unpublished financial records and financed reforms to Belt and Road mega-projects. How did China’s banks sidestep the pitfalls of Western systems? What made their approach to infrastructure and manufacturing uniquely explosive? This study bridges gaps in global finance research, challenging conventional narratives and exposing the symbiotic relationship between state strategy and real economic growth.
Copyright Year:
2026
E-Book (PDF)
Availability:
Published
ISBN:
978-90-04-74121-8
Publication:
29 Sep 2025
Hardback
Availability:
Published
ISBN:
978-90-04-74120-1
Publication:
09 Oct 2025
Cover “Red” Banks

Prices from (excl. shipping):

€143.48€136.00 excl. VAT
Add to Cart
Chenzhu Song, Ph.D., from the University of East London, studied banking finance in the USA and worked in the Global 500 banking sector. She has extensive banking finance knowledge and experience for both Western countries and China.
Contents
Foreword
List of Figures and Tables
Abbreviations

10 Introduction
 1 Development of the Chinese Economics
 2 The Roles of the Banks in China (1949–2020)
 3 Background of the Book
 4 Structure of the Book

Part 1: China under Mao


11 Stagflation in the West and China’s Economic Liberalisation
 1 Introduction
 2 The Development of Capitalism in the West Following World War II
 3 The Economic Decline of Anglo-American Economies
 4 Post-Bretton Woods System
 5 The Neoliberal Economic Reform
 6 Interaction between China and Western Economies
 7 Conclusion

12 Socialist Banking in China, 1949–1997
 1 Introduction
 2 Overview of the Chinese Economy during Mao’s Period
 3 Overview of the Chinese Financial and Banking System under Mao
 4 Reformation of the Chinese Economy during Deng’s Period
 5 Reforms of the Chinese Bank
 6 The 1997 Financial Crisis in SE Asia

Part 2: The Banking Sector in China after the Market Reforms


13 New Central Bank Policy from 1980 to 2020
 1 Introduction
 2 Review of the Market Reform Development – Phase I (1980–1990)
 3 Review of the Market Reform Development – Phase II (1991–2001)
 4 Review of the Market Reform Development – Phase III (2002–2011)
 5 Review of the Market Reform Development – Phase IV (2012–2020)
 6 Conclusion

14 The Chinese Regulatory Framework and the Institutional Impact of the Basel Accords in China
 1 Introduction
 2 Overview of the Chinese Financial Regulatory Structure
 3 The Primary Financial Regulators for the Banking Industry
 4 The Basel Accords in China
 5 Conclusion

15 Chinese Policy Banks
 1 Introduction
 2 Overview of the Chinese Policy Banks
 3 China Development Bank (CDB)
 4 Export-Import Bank (EXIM Bank)
 5 Agricultural Development Bank of China (ADBC)
 6 Support in Africa
 7 Conclusion

16 The Investment Policy of Chinese State-Owned Commercial Banks
 1 Introduction
 2 Industrial and Commercial Bank of China (ICBC)
 3 China Construction Bank (CCB)
 4 Bank of China (BOC)
 5 Agricultural Bank of China (ABC)
 6 Conclusion

17 The Investment Policy of Chinese Joint-Stock Commercial Banks and Foreign Banks
 1 Introduction
 2 Overview of the Chinese Joint-Stock Commercial Banks and Foreign Banks
 3 Chinese Joint-Stock Commercial Banks
 4 Foreign Banking Capital in China
 5 Conclusion

18 Summary and Conclusion
 1 Summary
 2 Conclusion
Bibliography
Appendices
Index
Scholars, policymakers, and postgraduate students in economics, political economy, international finance, and East Asian studies; practitioners in global banking, infrastructure investment, or China-focused development.
  • Collapse
  • Expand

Manufacturer information:
Koninklijke Brill B.V. 
Plantijnstraat 2
2321 JC
Leiden / The Netherlands
productsafety@degruyterbrill.com