China`s Emerging Financial Markets: Challenges and Global Impact

Very rarely do you get a book which has history and the future put together; and in this case it is about the less understood Chinese financial system.

March 10, 2014 11:24 IST | India Infoline News Service
Title: China's Emerging Financial Markets: Challenges and Global Impact
Authors: ZHU Min, CAI Jinqing, Martha AVERY
Pages: 594 Hardcover
May 2009
Price: US$120.00

When it comes to the evolving Chinese financial system, there may be a lot of questions but not many genuine answers. In the course of reforms over the past 10 years, China’s financial institutions have made efforts to strengthen policies, management and systems in the areas of risk and finance. …China’s financial institutions have a long road ahead of them, says Zhu Min, Group Executive VP, Bank of China in the overview.

Here comes a book with inputs from 36 authors all wrapped up in less than 600 pages which speaks about China’s rapid pace of economic growth and development which is accompanied by needed reforms in its emerging financial markets. Over half the contributors are China's most highly respected economists, bankers, and policy makers and have the advantage of front-row seats in China’s emerging financial markets. The rest comprise opinions from Western authorities -on the current state of banking and finance in China.

This book provides alternative perspectives of the system’s evolution and discusses China’s new currency regime and Onshore FX markets. It also gives insights on financial institutions as well as the bond, equity, and real estate markets, focusing on the ways in which governmental policies are affecting their performance.

China's Emerging Financial Markets: Challenges and Global Impact presents an in-depth assessment of such important issues as the performance and lending patterns of China’s banks, as well as an assessment of real estate property prices. Significant attention is also paid to the important role that globalization is having on China’s exchange rate and monetary policies.

This book is the eighth in the Milken Institute Series on Financial Innovation and Economic Growth.

Chapter 30 in the services section captures The Past 30 Years of China’s Legal System and The Financial Industry. In an earlier chapter, Jamie Dimon discusses Prospects for Chinese Banks: Why Global Banks are Drawn To China. There is also enough pages devotes to China’s Insurance Markets and separate chapter on Strategy of China’s Largest Life Insurance Company.

Stephen Roach pens his thoughts on China’s Global Challenge while Paul Volcker provides a preface stating, "There could not have been in all of history so rapid a development in a functional financial system, as in China over recent decades."

No matter which part of the world you may be in, it is difficult to isolate yourself from some impact, directly or indirectly caused by China. This book is something you cannot afford to ignore.

About the Editors-in-Chief

ZHU Min: ZHU Min is Group Executive Vice President of the Bank of China, responsible for group finance, internal control, legal and compliance, strategy and research. He joined the Bank of China in 1996, and led the group restructuring and the US$15 billion IPO in 2006, and the Bank of China Hong Kong restructuring and IPO in 2002. Prior to joining the Bank of China, Mr. Zhu worked as an Economist at the World Bank in Washington, DC for six years, before which he taught economics at Johns Hopkins University and Fudan University. Mr. Zhu received a PhD and an MA in economics from Johns Hopkins University, an MPA from the Woodrow Wilson School of Public and International Affairs of Princeton University, and a BA in economics from Fudan University.

CAI Jinqing: CAI Jinqing is a partner of Brunswick Group, an international financial communications firm. She advises multinational corporations and Chinese companies on strategic communication issues as well a cross-border Merger Et Acquisition transactions in the region. From 1993-2002, she worked in New York and Hong in management consulting and venture capital focusing on China investments. Ms. Cai graduated from Wellesley College with a Bachelor of Arts degree and obtained her Master of Public Affairs from the Woodrow Wilson School of International and Public Affairs of Princeton University.

Martha AVERY: Martha Avery is President, Avery Press, Inc., which works with Chinese publishers and individuals in bringing Chinese intellectual property to a western market. She served as General Manager for John Wiley in, China from 1982 to 1990, following four years in the Commerce Department handling China tradein the 1970s, an MBA at the Wharton School, and a period in Warburg Paribas Becker in Wall Street. She established the Publishing Program for the Soros Foundation in Mongolia, and went on to serve in the Budapest offices of OSI. Throughout her career, Ms. Avery has continued to translate Chinese fiction and non-fiction and to author books.

About Wiley

Founded in 1807, John Wiley & Sons, Inc. has been a valued source of information and understanding for over 200 years, helping people around the world meet their needs and fulfill their aspirations. Since 1901, Wiley and its acquired companies have published the works of more than 350 Nobel laureates in all categories: Literature, Economics, Physiology/Medicine, Chemistry, Physics and Peace.

Our core businesses include scientific, technical, medical and scholarly journals, encyclopedias, books, and online products and services; professional/trade publishes books, subscription products, training materials, and online applications and websites; and educational materials for undergraduate and graduate students and lifelong learners. Wiley's global headquarters are located in Hoboken, New Jersey, with operations in the U.S., Europe, Asia, Canada and Australia. The Company's website can be accessed at http://www.wiley.com. The Company is listed on the New York Stock Exchange under the symbols JWa and JWb.

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