The importance of the capital market in China

The purpose of the publication was to analyze the significance of the functioning capital market in China over a long period of time. The paper discusses the basic models of financial systems, measures of capital market development, as well as the specifics of the functioning of the capital market in China. Then, an analysis of selected financial indicators of the financial market (including the capital market) of China against the market of the United States was made. Statistical data obtained from the following databases were used to conduct the analysis: Financial Structure Database and Global Financial Development Database. These were annual data from 1992 to 2021.