In this article the author presents the main characteristics of the economy of the People’s Republic of China. First of all, the Chinese government has a prudent policy of gradual opening and liberalisation of the economy. However, significant impact on economic development and the state of international settlements in the Asian region is influenced by currency and monetary policy. Therefore, for Chinese state authorities maintenance of stable national currency becomes especially important. In the early 1980s, the government began opening the banking system and the four state-owned specialised banks to accept deposits and perform banking activities. Also, the author analysed development of financial markets of the People’s Republic of China. Finally, the author discussed the emerging markets of bitcoin and cryptocurrencies in China.
General Characteristics of the Financial Markets in the People’s Republic of China