INTRODUCTION

This book aims to analyze the financial reforms in China from an institutional view which is in fact a crucial theme to ensure the stability of reforms and growth in this emerging economy.

After the Introduction which will make a brief review of the literature and a presentation of financial development，Part 1 will try to demystify the finance-growth‘puzzle’and the inefficiency of Chinese financial system in setting forth the Adaptive Efficiency and the rate of Financial Repression in China.

Part 2 will analyze the financial institutions’reforms in China，from banking system reforms to credit system reforms in focusing on governmental efforts for the accession to the WTO；the Non-Performing Loans(NPLs)，the State-Owned Enterprises（SOEs）and the State-Owned Banks（SOBs）and the opening-up to foreign competition have also been expatiated.

Finally，this book concludes in advancing policy recommendations without forgetting to mention the further research.