China's Financial Markets: An Insider's Guide to How the Markets Work
China's financial markets represent about $2 trillion and are expected to grow to about $10 trillion by 2008. As these markets continue to open to outside investment, a thorough understanding of how they operate will be essential for success. In this book, Salih Neftci, an expert in finance whose teaching and research span North America, Europe and Asia, and Michelle Menager-Xu, a Chinese finance professional currently working in Geneva, bring together an unprecedented collection of Chinese insiders who are experts in their respective industries. These experts provide a detailed description of the banking system, the money, equity, futures, FX, and bond markets, the insurance sector, the mortgage market and mortgage instruments, and the regulators. Readers will learn how each of these financial sectors operates, how the government, regulators, and the central bank are involved, each sector's history, size and projected growth, an analysis of its current situation and discussion of future trends, the major players, and how the game is played. This is a must-read book for financial success in this emerging market.
*Experts within China working in each sector provide detailed, completely up-to-date descriptions and analysis *CDROM contains English translations of relevant Chinese regulations not available elsewhere *Describes how the major regulators work and the key influence factors in each industry
Excellent and exciting reading. Delta = opportunity
By Bachelier ""1004"" - April 16, 2007
What is famous professor of Financial Engineering Salih N. Neftci doing writing about China's financial markets? What could this possibly have to do with his excellent work demonstrating equivalent cash flows and creating synthetic instruments?
Well "omnia et nihilos" (everything and nothing). Neftci's welcome clarity is once again evident here (this time with an edditor's hand), and his efficiency in breaking down topics into digestible bites is also very much in evidence. But Neftci must have picked up his interest in China's growing financial markets from the (now a whole generation) of the excellent Chinese students he has trained. Undoubtedly his students are well placed on Wall Street, China, and globally and this book will bridge their financial engineering skills with this essential study of this important emerging market's microstructure.
This is an excellent reference tool for those interested in the development of financial markets in China and would... read more
Good book on the basics
By Dale L. Jennings - May 10, 2007
I very much enjoyed this book discussing China's financial markets. There are very few books available in English which cover this information. This book does not have the same political commentary as Bloomberg Press' China's Stockmarket.
I'd love to have more detail in each chapter, but this book is designed to provide a general overview of various financial markets in the People's Republic of China and contrasts China's markets with US and European markets.
The language in the book isn't very technical and anyone with a basic knowledge of the markets should be able to understand.
inside on china financial market
By Ming Zhong - February 22, 2007
This book has great details on current status, issues on china finanial markets include equity, fixed income, mortgage. most important , it discusses the future trends with deep inside.
I also like Neftci's book "principal of financial engineer" with precise description on important conception.
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