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Preface | |
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List of Abbreviations | |
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Looking Back at the Policy of Reform and Opening | |
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Thirty years of opening up: 1978-2008 | |
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Thirteen years of reform: 1992-2005 | |
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The end of reform: 2005 | |
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China is a family business | |
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China's Fortress Banking System | |
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Banks are China's financial system | |
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Crisis: The stimulus to bank reform, 1988 and 1998 | |
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China's fortress banking system in 2009 | |
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The sudden thirst for capital and cash dividends, 2010 | |
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The Fragile Fortress | |
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The People's Bank of China restructuring model | |
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The Ministry of Finance restructuring model | |
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The �perpetual put� option to the PBOC | |
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China's latest banking model | |
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Implications | |
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China's Captive Bond Market | |
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Why does China have a bond market? | |
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Risk management | |
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The base of the pyramid: �Protecting� household depositors | |
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The Struggle over China's Bond Markets | |
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The CDB, the MOF and the Big 4 Banks | |
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Local governments unleashed | |
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China Investment Corporation: Lynchpin of China's financial system | |
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Cycles in the financial markets | |
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Western Finance, SOE Reform and China's Stock Markets | |
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China's stock markets today | |
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Why does China have stock markets? | |
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What stock markets gave China | |
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The National Team and China's Government | |
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Zhu Rongji's gift: Organizational streamlining, 1998 | |
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How the National Team, its families and friends benefit | |
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A casino or a success, or both? | |
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Implications | |
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The Forbidden City | |
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The Emperor of Finance | |
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Behind the vermillion walls | |
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An Empire apart | |
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Cracks in the walls | |
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Imperial ornaments | |
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Appendix | |
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Select Bibliography | |
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Index | |