Company Law enters into force

The policy bank supported export credit and overseas economic cooperation. It connected national industrial strategy with global markets while retaining state influence over the terms of engagement.

The policy shifted housing costs from work units toward a mix of public support, funds, credit and individual purchase. Access became more dependent on income and urban status, widening the stakes...

The policy bank supported agricultural procurement and rural development finance. Specialized public lending remained part of the reform era, although rural credit and services stayed unevenly...

The law defined the People’s Bank as central bank and supplied a legal basis for monetary policy. It strengthened national control over credit but did not make financial allocation politically...

The law defined commercial banking and distinguished it from central-bank functions. State banks remained responsible for policy lending and carried non-performing loans, so financial specialization...

The Fifth Plenum set priorities for 1996-2000, including structural adjustment and enterprise reform. Multi-year planning persisted, now coordinating market development and global competition with...

The law regulated insurers and contracts as financial services expanded. Market insurance diversified risk but was accessible unevenly by income, place and employment.

The 1996-2000 plan translated party priorities into a state program for growth and structural adjustment. Planning continued alongside markets, though aggregate targets could obscure unequal effects...

Further tariff reductions prepared firms for greater international competition. Lower costs and wider choice came with pressure on less productive firms; the state sequenced trade opening as a...

The move facilitated current international payments without opening the capital account. It advanced trade integration while preserving tools to manage cross-border finance and protect policy...