Conclusion

This chapter summarizes the study’s findings and recaps the core arguments. It highlights the theoretical relevance and contribution of the policy coalition perspective to the understanding of China’s financial policy changes, and discusses the study’s implications for the IPE and Chinese political economy literature. It also highlights the potential applications of the analytical perspective for other domains of China’s financial opening. The volume concludes with a reflection upon China’s experience of integrating with the global financial system and the country’s growing financial power.