Exploration of Modern Financial Theory and Chinese Practice (Volume 5)

Author: Wu Xiaoqiu
Publisher:
Publish Date: 2005-10-01
Features: Capital Market Review was launched in January 2000 and is an internal academic journal focused on trend research, sponsored by the Institute of Finance and Securities Research at Renmin University of China. It is edited by Professor Wu Xiaoqiu, with articles primarily derived from the research findings of experts and scholars at FSI. Capital Market Review Essentials is a collection of outstanding articles published in Capital Market Review. Examining market efficiency and exploring the essence of investment are the original intentions of the founders of Capital Market Review, as well as the purpose of publishing Capital Market Review Essentials. The term "examining" does not merely advocate criticism or negation but rather involves careful reflection, responsibility, and suggestions. Capital Market Review Essentials uses the light of thought to illuminate the history and present of the capital market, guiding its future with the fire of wisdom. It seeks to explore the essence of investment through a rational humanistic spirit and a comprehensive, practical spiritual perception. This book collects outstanding articles published in Capital Market Review since January 2004. Some of these articles explore the evolutionary characteristics of modern finance from the perspective of capital market development; others compare and contrast different financial models from a diverse perspective; some delve into the theoretical foundations of modern finance; others discuss and analyze current financial policies, particularly those of the capital market, based on reality; and some summarize the experiences and lessons of mature market economies in the field of finance. These articles reflect the authors' exploration and reflections on modern finance, especially the capital market.