Financial reforms and developments in China / Cheng Siwei, Former Vice Chairman of the 9th and 10th Standing Committee of the National People's Congress, China.

Format:

Book

Author/Creator:

Cheng, Siwei.

Series:

Gale eBooks

Language:

English

Subjects (All):

Finance--China.

Finance.

Economic development--China.

Economic development.

China--Economic policy.

China.

Physical Description:

1 online resource (xii, 601 pages) : illustrations

Place of Publication:

New Jersey : World Scientific, [2014]

Language Note:

English

Summary:

China has initiated and implemented its economic reforms for over 30 years, however, the comprehensive economic reforms and opening up is still unfolding. The author was a state leader, who has personally engaged in China's economic policy-making process from 1999 to 2008, and is an economist, who has deeply studied and thought over China's financial reform in various aspects. This book summarizes the results of the author's research on China's financial reforms, adopting the fictitious economy theory, in the past 10 years. Financial Reforms and Development in China focuses on the developmenta

Contents:

Preface; Contents; Chapter 1: Introduction: Finance from the Perspective of Fictitious Economy; 1.1. The Emergence and Development of the Theories on Fictitious Capital Theory; 1.1.1. Marxian Fictitious Capital Theory; 1.1.2. Definition of Fictitious Capital; 1.1.3. Major Categories of Fictitious Capital; 1.2. Definition and Characteristics of the Fictitious Economy; 1.2.1. Development of Fictitious Economy; 1.2.2. The Laws of Fictitious Capital Movement; 1.2.2.1. Exchange-re-exchange is a major movement process for fictitious capital

1.2.2.2. Uncertainty in fictitious capital price makes it possible for speculation1.2.2.3. Inflation of fictitious capital could bring about corresponding risks; 1.2.3. Characteristics of the Fictitious Economic System; 1.2.3.1. Complexity; 1.2.3.2. Metastability; 1.2.3.3. High risk; 1.2.3.4. Parasitism; 1.2.3.5. Periodicity; 1.3. Research Direction of Fictitious Economy; 1.3.1. Relationship Between the Fictitious Economy and the Real Economy; 1.3.2. Institutional Factors Involved in Fictitious Economic Activities; 1.3.3. Risk Generation and Prevention in Fictitious Economy

1.3.4. Evaluation System in Fictitious Economy1.4. The Methodologies of Research on Fictitious Economy; 1.4.1. The Methods of Complexity Science; 1.4.1.1. Qualitative judgment plus quantitative calculation; 1.4.1.2. Micro plus macro analysis; 1.4.1.3. Reductionism plus holism; 1.4.1.4. Scientific deductions plus philosophical arguments; 1.4.2. The Method of Uncertainty Decision Making; 1.4.2.1. Quantification of qualitative variables; 1.4.2.2. Determination of empirical probability; 1.4.2.3. Improvement of subjective probability; 1.4.2.4. Case study and integration of a priori information

1.4.3. Group Decision Making Method1.4.4. Complex Data Analysis Method Supporting Decision Making; 1.4.5. The Method of Mathematical Finance; 1.4.5.1. Financial assets pricing; 1.4.5.2. Fractal market analysis [19,20]; 1.4.5.3. Autoregressive heteroskedasticity analysis [21]; 1.4.5.4. Financial risk theory; 1.4.6. Computer Simulation Method; References; Chapter 2: Financial Globalization and China's Financial Reform; 2.1. Introduction; 2.2. Main Trends of Financial Globalization; 2.2.1. The Virtualization of Money is Intensifying in Each Country

2.2.2. The Exchange Rate has Become a Policy Tool2.2.3. The Size of International Financial Markets is Expanding Swiftly; 2.2.4. The Size and Speed of Cross-Border Capital Flow are Increasing Rapidly; 2.2.5. Financial Innovation is Speeding Up; 2.2.6. The World's Financial Markets are Increasingly Integrated; 2.3. The Challenges of Financial Globalization for China; 2.3.1. The Opening of the Financial Market Creates an Intensive Competition for Chinese Financial Enterprises; 2.3.2. The Flood-in of Foreign Capital will Hit China's Weak Financial System

2.3.3. The Increasing Integration of Domestic and Overseas Financial Markets exposes China's Financial System to the fluctuations of International Financial Markets

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

Description based on online resource; title from PDF (ebrary, viewed December 30, 2013).

ISBN:

9789814317559

9814317551

OCLC:

865014092