FINANCIAL REFORMS AND DEVELOPMENTS IN CHINA

Siwei Cheng (UCLA Anderson, 1983) is an international expert and renowned scholar in engineering, economics, finance and management. He has more than 40 years of experience in the chemical industry and is a pioneer in growing China's multi-billion dollar borax industry. He was the former Vice Chairman of the 9th and 10th Standing Committee of the National People's Congress (NPC), People's Republic of China (PRC). He devoted himself to the reform and opening up of China's economy for 30 years. He utilized the approach of complexity science to study economic reforms in China and put forward many valuable and influential proposals to the top leaders of China, and implemented his ideas in his work as the Vice Chairman of the NPC Standing Committee, PRC and Chairman of the Central Committee of China National Democratic Construction Association. He initiated the School of Fictitious Economy at the Chinese Academy of Science (CAS) and has a deep and lasting influence in China's economic and financial circles. He also promoted the venture capital business in China and built up high reputation in this field. He is also very active in the international academic community and was invited to give keynote speeches in many countries and international forums.

China has initiated and implemented its economic reforms for over 30 years, however, the comprehensive economic reforms and opening up is still unfolding. The author was a state leader, who has personally engaged in China's economic policy-making process from 1999 to 2008, and is an economist, who has deeply studied and thought over China's financial reform in various aspects. This book summarizes the results of the author's research on China's financial reforms, adopting the fictitious economy theory, in the past 10 years.

Financial Globalization and China's Financial Reform; Causes of Deflation and China's Countermeasures; System Analysis and Improvement Proposals on China's Stock Market; Strategic Thinking on the Development of China's Money Market; Reform Objectives and Major Measures of China's Commercial Banks; Regulation and Development of China's Rural Financial Institutions; Status Quo and Prospect of China's Venture Capital Industry; Analysis and Suggestions on Chinese Housing Reform; Global Financial Crisis and the Strategy for China; Reform of RMB Exchange Rate System.