Reform of Electronic Commercial Paper and its Enlightenment
Zhang Lon · 2009
With the coming of Internet times, traditional paper -based commercial paper is unable to meet market demand. Because of its advantages, electronic commercial paper has become popular in the whole world. To deal with problems on capital and currency markets, Japan not only works out some laws to provide foundation for promoting electronic commercial paper, but also sets up some associations of capital markets to supply service for it. The measures are meaningful for China to develop electronic commercial paper.