China's rapid economic growth and development is being accompanied by needed reforms in its emerging financial markets. The government's measured approach in developing these markets is creating unusual challenges and opportunities, both domestically and internationally. This book offers one of the most insightful and up-to-date looks available at the evolving Chinese financial system. It provides alternative perspectives on the system's evolution and its potential contribution to economic growth. The book also discusses financial institutions as well as the bond, equity, and real estate markets, focusing on how government policies are affecting their performance.
Frankel, Jeffrey A. New Estimation of the Renminbi Regime. China's Emerging Financial Markets: Challenges and Opportunities. Ed. James R. Barth, Glenn Yago, and John A. Tatom. Springer, October 2009.