中国金融体制改革--英文

Editorial Board of Studies on the Chinese Market Economy Series Chief Editors: Gao Shangquan (b. September 1929), native of Shanghai; vice-minister of State Commission for Restructurmg Economy, 1985-1993; executive vice- president of Chinese Society of Econom- ic Restructuring, 1991-1995; president of China (Hainan) Reform and Devel- opment Research Institute, 1995. Au- thor of Economic Structural Reform in China, Selected Works of Gao Shangquan, and others. Chi Fulin (b. August 1951), native of Penglai, Shandong Province; execu- tive vice-president of China (Hainan) Institute for Reform and Development and vice-president of Chmese Society of Economic Restructuring. Author of On Economic Reform in the Reshaping Peri- od, and others. Members: Sun Xiuping (b. 1962), director of Research Department, China (Haman) Reform and Development Research In- stitute. Zhu Huayou (b. 1961), deputy di- rector of Research Department, Chma (Haman) Reform and Development Re- search Institute.

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Contents Chapter I Seize Opportunity and Boldly Promote Financial Reform 1. Review and Appraisal of China's Financial Reform 2. Sharp Contradictions Between Lagging Financial Reform and Market Economy 3. Comparison and Analysis of Programs of Financial System Reform in the 1990s 4. Main Aspects of China's Financial Reform Chapter II Prerequisites for Financial Reform 1. Macroeconomic Policy and Financial Development 2. Mobilization of Funds 3. Effective Allocation of Resources 4. Industrial Renovation Chapter III The Central Bank 1. Current Situation of the Central Bank 2. On the Relative Independence of the Central Bank 3. Some Relationships to Be Properly Handled by the Central Bank 4. The Directional Loan Chapter IV Capital Market 1. An Overview of China's Capital Market 2. Major Questions in the Development of China's Capital Market 3. Steps for the Reform of the Capital Market 4. How to Manage and Develop Non-bank Financial Institutions 5. China's Urgent Need: Building a Modernized Banking System Chapter V Monetary Policy 1. China's Monetary Policy: Current Situation and Questions 2. The Central Bank and Monetary Policy 3. The Shift of Monetary Policy to Market Economy Chapter VI Going to Convertible Cnrrency 1. Background of Theory and Positivism 2. Requirements of Opening-up Policy for Convertibility of Currency 3. Background of China's Reform of Exchange Rate System 4. Premises of RMB Becoming a Freely Convertible Currency 5. The Supporting Reform and Design of RMB Going to Convertible Currency 6. The Influence of Conducting Currency Convertibility