China Financial Development Report No. 2 (2005)

Author: Li Yang
Publisher:
Publish Date: 2005-06-01
Features: This book is a systematic and comprehensive research report on the development status of major fields in China's financial industry over the past year, compiled by the Institute of Finance of the Chinese Academy of Social Sciences, and provides authoritative commentary on major financial events in 2005. " books" is a large-scale series of books launched by Social Sciences Academic Press in recent years, consisting of a series of authoritative research reports on economic and social development. They analyze and forecast the current status and development trends of various fields in the economy and society each year. The authors of this series are primarily experts from the Chinese Academy of Social Sciences, supplemented by researchers from various government departments, universities, and research institutions. They are first-class experts from top research institutions in China, and their views and opinions reflect the highest level of understanding and recognition of China's reality and future, making them unquestionably authoritative. The China Financial Development Report (2005) (hereinafter referred to as The Report) is one of a series of annual publications compiled by the Institute of Finance of the Chinese Academy of Social Sciences. The Report aims to systematically and comprehensively describe the development status of major fields in China's financial industry over the past year and comment on major financial events that occurred that year. Like the Report for 2004, this year's Report consists of three parts, but the order of the parts has been adjusted. The "Analysis of Economic Operation," which was in the second part last year, has been adjusted to the part for this year's Report. We first provide a general overview of China's macroeconomic operation in 2004 in terms of economic growth, investment, consumption, and prices, followed by a specific analysis of the behavior of the four major economic entities: households, enterprises, governments, and foreign entities. The second part is "Analysis of Financial Operation," which systematically records the main developments in China's financial industry in 2004, covering five areas: monetary policy, financial departments (due to the vast amount of content, this department is further divided into "Banking" and "Other Financial Institutions" as subcategories), financial markets, balance of payments, and international financial markets. The third part is "Special Analysis." The fields selected for this year include: financial reform and financial development, monetary policy, financial markets, real estate markets and real estate finance, financial regulation, and the insurance industry. The Report is a collective research achievement of the Institute of Finance, with the main authors being researchers, postdoctoral researchers, and doctoral students from the Institute of Finance. The entire report is overseen by Li Yang, Wang Guogang, and Wang Songqi. Li Yang was responsible for the overall editing of all the manuscripts. The researchers who provided the preliminary drafts of the Report are listed below in order of their surnames: Ma Li, Wang Li, Wang Danni, Wang Guogang, Wang Songqi, Yin Zhongli, Dai Junxun, Liu Hua, Liu Yuhui, Liu Fei, Gan Zhengzhai, Yan Xiaona, Ruan Jianhong, Li Gang, Li Yang, Yu Weibin, Wang Lina, Yi Xianrong, Zhang Yang, Yang Tao, Luo Ying, Guo Jinlong, Yao Zhizhong, Hu Bin, Yan Jianjun, Gao Zhanjun, Yin Jianfeng, Huang Xian, Huang Huamin, Zhou Ziheng, Zhou Maoqing, Xu Yiguo, Cao Honghui, Zeng Gang, Cheng Lian, Peng Xingyun, etc. Liu Geping edited and refined the preliminary drafts of the report.