| Summary: | China’s rapid pace of economic growth and development is 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 up-to-date looks available at the evolving Chinese financial system. It provides alternative perspectives of 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 the ways in which governmental policies are affecting their performance. China’s Emerging Financial Markets: Challenges and Opportunities 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, and brings together the ideas of forty-one widely recognized financial and policy experts. Notably, more than half of the contributors are Chinese and have the advantage of front-row seats in China’s emerging financial markets.
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