Acknowledgments
Translating Market Socialism with Chinese Characteristics into Sustained Prosperity
Joseph P. H. Fan, Randall Morck, and Bernard Yeung
I. Financial System and Its Governance
1. The Governance of China's Finance
Katharina Pistor
Comment: Zheng Song
2. China’s Financial System: Opportunities and Challenges
Franklin Allen, Jun “QJ” Qian, Chenying Zhang, and Mengxin Zhao
Comment: Chenggang Xu
II. Governance of Stock Markets
3. Assessing China's Top-Down Securities Markets
William T. Allen and Han Shen
Comment: Qiao Liu
4. Institutions and Information Environment of Chinese Listed Firms
Joseph D. Piotroski and T. J. Wong
Comment: Li Jin
III. Capital Accumulation
5. Why Are Saving Rates So High in China?
Dennis Tao Yang, Junsen Zhang, and Shaojie Zhou
Comment: Leslie Young
6. The Chinese Corporate Savings Puzzle: A Firm-Level Cross-Country Perspective
Tamim Bayoumi, Hui Tong, and Shang-Jin Wei
Comment: Ning Zhu
IV. Public Finance
7. Financial Strategies for Nation Building
Zhiwu Chen
Comment: Jiahua Che
8. Provincial and Local Governments in China: Fiscal Institutions and Government Behavior
Roger H. Gordon and Wei Li
Comment: Zhigang Li
Contributors
Author Index
Subject Index