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This book, in three volumes, presents the thoughts and reflections of the highly regarded Chinese scholar and statesman, Cheng Siwei. The author outlines his theories for bringing economic reform to China in the context of a global economy. Using the principles of complexity science and finance, the author also elaborates on the characteristics and laws of fictitious economy in China and from this perspective, studies such issues as venture capital, financial crises, capital and monetary markets, inflation and deflation, housing system reform, the social security system and enterprise management in contemporary China. The book has been highly regarded by top-ranked Chinese politicians and distinguished scholars and is essential reading for anyone wishing to understand the economic complexities of the development of China.

The purpose of this paper is to provide a systematic analysis of the development of the Chinese stock market in the first 10 years. It can be a lesson to both researchers and investors on China's stock market. In this paper, the author first shares his own experience from involvement in policy making and regulation inspections in developing China's stock market. Then, based on observations at the market as well as academic research findings that he conducted with his colleagues, the author discusses eight major problems that should be addressed in order to build a mature stock market in China to support the sustainable development of China's economy.

China's stock market has undergone rapid development in recent years. As a result there is a real need for a comprehensive understanding of the Chinese Stock Market both from a scholarship point of view but also for policy makers and investment specialists. Based on academic findings and practitioner observations, this book contains the latest research on China's IPO market, the 2006-07 market bubble, the development of institutional investors, the stock index futures market, stock sector performance, corporate governance of listed firms, and China's growth enterprise market. Written by a team of experts, the contributors use both quantitative and qualitative analysis and employ statistical methods, ARCH models, fictitious economy theory, and information diffusion theory to review recent achievements, highlight current problems, provide policy suggestions and describe the future prospects for China's stock market. Furthermore, the chief editor of the book, Siwei Cheng, a Chinese statesman and economist, shares his own experience of policy making and regulation inspections in developing China's stock market, and expresses his own viewpoint towards its future development. The book will prove a useful reference piece for future research and is an ideal resource for international investors, researchers, postgraduate students, practitioners and regulators interested in the Chinese stock market.

China's stock market has undergone rapid development in recent years. As a result there is a real need for a comprehensive understanding of the Chinese stock market, not only from a scholarship point of view but also for policy makers and investment specialists. Based on academic findings and practitioner observations, this book contains the latest research on China's IPO market, the 2006₆2007 market bubble, the development of institutional investors, the stock index futures market, stock sector performance, corporate governance of listed firms, and China's growth enterprise market. Written by a team of experts, the contributors use both quantitative and qualitative analysis and employ statistical methods, ARCH models, fictitious economy theory, and information diffusion theory to review recent achievements, highlight current problems, provide policy suggestions and describe the future prospects for China's stock market. Furthermore, the chief editor of the book, Siwei Cheng, a Chinese statesman and economist, shares his own experience of policy making and regulation inspections in developing China's stock market, and expresses his own viewpoint towards its future development. The book will prove a useful reference piece for future research and is an ideal resource for international investors, researchers, postgraduate students, practitioners and regulators interested in the Chinese stock market.

This book, in three volumes, presents the thoughts and reflections of the highly regarded Chinese scholar and statesman, Cheng Siwei. The author outlines his theories for bringing economic reform to China in the context of a global economy. Using the principles of complexity science and finance, the author also elaborates on the characteristics and laws of fictitious economy in China and from this perspective, studies such issues as venture capital, financial crises, capital and monetary markets, inflation and deflation, housing system reform, the social security system and enterprise management in contemporary China. The book has been highly regarded by top-ranked Chinese politicians and distinguished scholars and is essential reading for anyone wishing to understand the economic complexities of the development of China.