... source of financing for enterprises, if their owncapital is excluded. In summary, the deepening process of the financial markets has rendered the dominance of the banking sector in the financial ... development of bond market.With regard to the financing system, intermediate financing, particularly financing through the banking system, still takes a dominant position, while direct financing only ... China Statistics Yearbook, China Financial Yearbook and People’s Bank of ChinaStatistics Quarterly bulletin.B. Development of direct financing and indirect financing marketsproviding financing...