... flow, monetarysystem, financial markets, financial institution, and financial coordination andsupervision. In China, institution building in the financial sector takes place against thebackdrop ... efforts in the application ofinformation technology, in exploring on- line banking business as well as in promotingnon-bank financial institutions. Efforts should be made in upgrading financialoperations ... Sources: International Financial Statistics, August, 2000 and China Financial Outlook 1 Indeed, we cannot reach the conclusion for granted that China’s financial sector is moreadvanced than that...