Patrick Hess
Specialised Institutions & LSIs
- Division
Universal & Diversified Inst. 3
- Current Position
-
Principal Supervisor
- Fields of interest
-
International Economics,Financial Economics,Public Economics
- Other current responsibilities
- 2017-
Lecturer on China's financial system, Master in Modern East Asian Studies, Goethe University Frankfurt, Germany
- Education
- 1990-1996
MA in Sinology and Economics, Heidelberg University, Germany
- 1992-1993
Vrije Universiteit Amsterdam, The Netherlands
- 1989-1990
Beijing Foreign Studies University 北京外国语大学, People's Republic of China
- Professional experience
- 2020-
Principal Supervisor – Division Specialised Institutions & LSIs 3, Directorate General Specialised Institutions & LSIs, European Central Bank
- 2014-2020
Principal Oversight Expert – Division Oversight, Directorate General Market Infrastructure & Payments, ECB
- 2013-2014
Senior China Economist – Division External Developments, Directorate General International & European Relations, ECB
- 2003-2013
Senior Market Infrastructure Expert – Division TARGET, Directorate General Payments & Market Infrastructure, ECB
- 1996-2003
Product Manager, Global Cash Management, Deutsche Bank
- Teaching experience
- 2009-2011
Lecturer on Chinese economic policy, Institute of Chinese Studies, Heidelberg University, Germany
- 1999-2011
Chinese language teacher, Volkshochschule Darmstadt, Germany
- 8 July 2010
- OCCASIONAL PAPER SERIES - No. 116Details
- Abstract
- China is taking a more active role on the world stage, even more so since its rapid and strong recovery from the global recession. In the financial realm this expansion is underpinned by a strategy to build strong and competitive capital markets at home. In order to achieve this goal, well-functioning and sound securities infrastructures are an important pre-requisite, and therefore they receive a lot of attention from Chinese policy-makers, as well as from market participants both in China and abroad. This paper evaluates the current market infrastructure, including the legal and regulatory framework, for securities trading, clearing and settlement in mainland China, and analyses the policy-making in this field. The paper finds that, following huge progress in recent years, the post-trading processes are increasingly safe and efficient. It concludes that, given the effectiveness of the policy process, Chinese clearing and settlement are likely to develop into the
- JEL Code
- E58 : Macroeconomics and Monetary Economics→Monetary Policy, Central Banking, and the Supply of Money and Credit→Central Banks and Their Policies
G15 : Financial Economics→General Financial Markets→International Financial Markets
G18 : Financial Economics→General Financial Markets→Government Policy and Regulation
G21 : Financial Economics→Financial Institutions and Services→Banks, Depository Institutions, Micro Finance Institutions, Mortgages
G28 : Financial Economics→Financial Institutions and Services→Government Policy and Regulation
P34 : Economic Systems→Socialist Institutions and Their Transitions→Financial Economics
- 2023
- 社会科学报 (Social sciences Weekly)
- 2022
- Green Finance
- 2020
- Monetary Policy Execution in East AsiaChina's monetary policy: Institutional setting, tools and challenges
- 2019
- The Diplomat
- 2018
- Financial Stability Board — Workstream on trade reporting legal barriers
- 2018
- The Diplomat
- 2017
- Cash in East AsiaThe ongoing evolution of payment instruments in China: A case study in financial innovation and the role of the central bank
- 2016
- Internationale Politik
- 2016
- ECB Economic Bulletin
- 2015
- Central Banking and Financial Stability in East AsiaDemand and supply of shadow banking in China
- 2015
- The Diplomat
- 2014
- Currency cooperation in East AsiaChina’s Financial System: Past Reforms, Future Ambitions and Current State
- 2014
- Länderbericht ChinaReformen, Status und Perspektiven des chinesischen Finanzsystems