China's financial reforms have undergone a large-scale transformation over the past several years. This book aims to outline the structure and current features of China's monetary policy, drawing upon the author's years of experience working within the People's Bank of China and insider's view of the decision-making process.

Written by an experienced insider privy to the inner workings of China's vigorous financial reforms, this comprehensive book examines China's most important markets (money, bonds, foreign exchange, and stock) and the policies that regulate them. The author suggests future reforms and developments in the bond repo market, the interbank exchange market, and IPO procedure. Integrating over ten years of the author's first-hand research and experience, collected here for the first time in English, this book makes important conclusions about China's rationale in financial policy and how this...