This book deals with important issues in China's financial reform, such as the central bank and monetary policies, banking and non-banking financial institutions, and corporate governance. It discusses the lessons from and implications of other countries' experiences in financial reforms.
1. An Overview of China's Financial Markets: Progress, Problems and Prospects 2. China and the Asian Financial Contagion 3. Roots of the Financial Crisis in Asia and Implications for China 4. Why Has China Survived the Asian Crisis So Well: What Risks Remain? 5. Capital Account Liberalization: Sequencing and Implications 6. What Lessons US Financial Markets Can Provide to China 7. Political Power Transitions and Chinese Economic Policy 8. Financial Development and Macroeconomic Stability in China 9. Money Market in China 10. Credit Quota as a Banking Risk Control in China: A Retrospect 11. Noise Trading in the Chinese Stock Market 12. Explaining IPO under pricing in China 13. China's Experience with Indexed Government Bonds, 1988–1996 14. Trust and Investment Corporations in China 15. Lessons from a Survey of Urban Credit Cooperatives in China 16. Improving Access to Credit in Rural China 17. Restructuring China's State-Owned Enterprises: Corporate Governance Perspective 18. Insider Control, Corporate Governance, and the Soft Budget Constraint: Theory, Evidence, and Policy Implications 19. Transparency and China's Aspirations 20. Provincial Distribution of Direct Foreign Investment in China, 1992–1996: A Pooled Time-Series Empirical Study