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Written by an experienced insider privy to the inner workings of China's vigorous financial reforms, this comprehensive book examines China's most important markets (money, bonds, foreign exchange, and stock) and the policies that regulate them. The author suggests future reforms and developments in the bond repo market, the interbank exchange market, and IPO procedure. Integrating over ten years of the author's first-hand research and experience, collected here for the first time in English, this book makes important conclusions about China's rationale in financial policy and how this important global player is dealing with the global financial crisis.
