2. China’s Financial System: Opportunities and Challenges

Chapters in this book

1. Frontmatter i
2. Relation of the Directors to the Work and Publications of the National Bureau of Economic Research vi
3. Contents ix
4. Acknowledgments xi
5. Translating Market Socialism with Chinese Characteristics into Sustained Prosperity 1
6. I. Financial System and Its Governance
7. 1. The Governance of China’s Finance 35
8. 2. China’s Financial System: Opportunities and Challenges 63
9. II. Governance of Stock Markets
10. 3. Assessing China’s Top- Down Securities Markets 149
11. 4. Institutions and Information Environment of Chinese Listed Firms 201
12. III. Capital Accumulation
13. 5. Why Are Saving Rates So High in China? 249
14. 6. The Chinese Corporate Savings Puzzle. A Firm- Level Cross- Country Perspective 283
15. IV. Public Finance
16. 7. Financial Strategies for Nation Building 313
17. 8. Provincial and Local Governments in China Fiscal Institutions and Government Behavior 337
18. Contributors 373
19. Author Index 377
20. Subject Index 383