National Finance: A Chinese Perspective

Foreword Chapter One The concept of "big finance" and the national policy of a strong RMB - A policy study of the top-level design and layout of Chinese finance 1.1 The positioning of the modern financial system 1.1.1 An overview of the modern financial system 1.1.2 The two types of world financial systems 1.2 The structure of the modern financial system 1.2.1 The financial market system 1.2.2 The financial organization system 1.2.3 The financial legal system 1.2.4 The financial regulation system 1.2.5 The financial environment system 1.2.6 The financial infrastructure 1.3 Policies for the modern financial system 1.3.1 Financial policies 1.3.2 The monetary policy 1.3.3 The exchange rate policy 1.3.4 The regulatory policy 1.4 The development of a modern financial system 1.4.1 The currency area 1.4.2 The "national policy" of a strong U.S. dollar 1.4.3 The national policy of a strong RMB 1.5 The establishment of an organization for the top-level layout of China's finance Chapter Two The "twin-peak" model for financial regulation - A review of financial regulatory and coordinating measures in China 2.1 The financial regulation system in America 2.2 The U.K. financial regulation system 2.3 The financial regulation system in the EU 2.4 Differences and similarities in financial regulation schemes 2.5 Selection of modes of financial regulation in China 2.5.1 The "twin-peak" mode of financial regulation 2.5.2 Top-level decision-making body 2.5.3 Interaction of financial regulation policies 2.5.4 Regulation of systematically important financial institutions 2.5.5 International cooperation in financial regulation Chapter Three Local economic development and financial support - A study of Chinese financial hierarchy 3.1 Financial liberalization and national instability 3.2 Financial repression and regional lack of vitality 3.2.1 Financial development - a choice for regional economic transition 3.2.2 Eight types of competition in local economy 3.2.3 Local economic development requires financial underpinning 3.2.4 Stronger measures are needed to release financial repression 3.3 Definition of central and local responsibilities and authorities 3.3.1 Overall thinking and basic principles 3.3.2 Definition of authorities and responsibilities of central and local governments for financial regulation 3.3.3 Central and local financial regulatory structure 3.4 Measures for effectively promoting local financial development Chapter Four The establishment of an onshore transaction clearing center for RMB offshore business - Explorations in the interactive model for internal and external finance 4.1 Integration and internationalization 4.1.1 Globalized integration of real economy 4.1.2 Internationalization of financial markets 4.2 Offshore and onshore markets 4.2.1 Production and capital internalization facilitate the offshore fina