Essentials of China's Capital Market Analysis

Author: Wu Xiaoqiu
Publisher:
Publish Date: 2006-01-01
Features: This book is a comprehensive work by the author based on a decade of systematic research on China's capital market. It took 10 years of thinking and 3 years of writing to complete, making it worth reading. The book primarily focuses on four key issues: First, what is the trend of financial system evolution and what are the underlying driving forces behind this evolution? What role does the development of the capital market play in the historical process of financial system and financial structure evolution? Second, what are the core functions of modern finance? What is the roadmap (logic map) that financial function upgrades follow? Why do financial functions escalate and core functions shift? Third, what direction is the dynamic relationship between capital market asset price fluctuations and real economic growth evolving? How can the complex dynamic relationship between the two be explained? Fourth, what are the strategic objectives of China's capital market development, and what are the biggest obstacles? Why must China choose a market (capital market)-led financial system? The author has conducted meticulous thinking and analysis on the above issues, offering his own interpretations and questioning the traditional financial theory's explanations of financial functions and financial structures.