Construction of the Financial Intermediation System in the Globalization Era_College of Finance, Chinese Academy of Social Sciences

Author: Sun Tao
Publisher:
Publish Date: 2004-12-01
Features: To provide a platform for young talents in China engaged in financial theory research, we plan to begin editing and publishing a series titled "Financial Doctor Library" annually starting from 2004. This library will highlight three key characteristics.
First, the authors selected for the library are primarily recent PhD graduates. These authors have received rigorous training in modern economics and possess a comprehensive understanding of current domestic and international academic literature. They also have a solid grasp of China's national conditions. These authors are undoubtedly "unknown" young people—our intention in publishing their works is precisely to continuously introduce new faces to the theoretical community.
Second, the selected papers should offer rigorously argued new conclusions or provide new materials and insights that contribute to further research on the topic. Unlike some institutions in society that demand a certain number of viewpoints in a work, we do not particularly advocate for the quantity of ideas. Generally, we do not even pursue novelty in viewpoints. What we require is well-supported evidence, rigorous argumentation, and a theoretical framework that can be verified or falsified. Works that lack strict premises, lack logical reasoning, and draw several strong conclusions based on a few unexplained data points without a clear process will not be included. In our view, proving an argument is more important than proposing one: an unproven viewpoint is at most a genius's guess; only a rigorously argued viewpoint can become scientific.
Third, the selected papers should demonstrate a proficient use of modern economic and financial theories and adhere to the formal norms of academic papers. The analytical methods we emphasize here refer to, for theoretical economics, the hypotheses, models, deductions, and tests of assumptions and relationships among facts within a specific research field; and for applied economics, the specific techniques, tools, or procedures used to achieve a certain goal based on a theoretical assumption. We are fully aware that innovation in methodology is not an easy task, so our basic requirement for papers is to conduct research and construct works in accordance with the research norms and fundamental logic of modern economics.
The initial proposal to publish this series was made by Dr. Jiang Wanling, a renowned investment banker in the international financial community. Dr. Jiang studied at a prestigious university in the United States. After completing his education, he devoted himself to the reform and development of "government-owned enterprises" and "party-owned enterprises" in Taiwan Province, making significant contributions. Later, as a pioneer in venture capital, he also played an innovative role in building Taiwan Province's venture capital system.
What is particularly admirable is that from the mid-1990s, Dr. Jiang, filled with patriotic passion, actively participated in the economic development and financial growth of mainland China. He first served as a faculty member at several renowned universities in mainland China, such as Tsinghua University, Shanghai Jiao Tong University, and the University of Science and Technology of China, tirelessly spreading modern financial knowledge. Then, leveraging his reputation in the international financial community, he organized the establishment of several investment funds, dedicated to promoting the development of the venture capital system in mainland China.
Unfortunately, just as his efforts in mainland China began to bear fruit, he passed away unexpectedly. We publish this series and name it in his honor to commemorate his contributions to the education and training of financial talent in China.