Chapter Ⅰ Starting Point-Carving out an Independent Financial System from the State Treasury
Section Ⅰ Launch of Reform and Opening Up
Ⅰ.Reflecting on the Path of Economic Development
Ⅱ.Sounding the Clarion Call for Reform and Opening Up
Ⅲ.Laying the Theoretical Foundation for Socialist Economic Structural Reform
Ⅳ.Setting the Goals for Building a Socialist Market Economy at the 14th CPC National Congress
Ⅴ.Economic Reform Called for Banking Reform
Section Ⅱ Banks Emerged as Main Channels of Investment and Financing
Ⅰ.Diminishing Fiscal Inputs
Ⅱ.Issuing Government Bonds and Tapping Foreign Capital
Ⅲ.Bank Financing Inevitably Overtaking Fiscal Appropriations
Section Ⅲ Institutional Reform as Starting Point of Financial Reform
Ⅰ.Reopening and Establishment of Specialized Banks
Ⅱ.Birth of Joint-Stock Banks
Section Ⅳ Bank Reform Invigorated the Economy
Chapter Ⅱ Impetus for Reform-Financial Sector Remediation and Surfacing of Non-Performing Assets
Section Ⅰ Macro-Finance and Governance
Section Ⅱ The Non-Performing Loan Quandary
Ⅰ.Crisis in Bank Asset Quality
Ⅱ.Direct Causes of NPAs
Ⅲ.Root Causes of NPAs
Section Ⅲ Early Explorations at Reform
Ⅰ.Bringing Corporate Approaches to Specialized Bank Operation
Ⅱ.Separating Policy-Based Lending from Commercial Activities
Ⅲ.Promulgating Banking Laws
Ⅳ.Transforming the Operating and Management Philosophy of State-Owned Banks
Chapter Ⅲ Responding to Crisis-The Asian Financial Crisis Ushered in a New Round of Financial Reform
Section Ⅰ The Asian Financial Crisis
Ⅰ.Financial Turmoil in Southeast Asia Under the Speculative Attacks of International Capital
Ⅱ.Lessons Learned
Section Ⅱ The First National Financial Work Conference
Ⅰ.Drafting the Blueprint of Financial Reform
Ⅱ.Significance of the First National Financial Work Conference
……
Chapter Ⅳ Breakthroughs in Joint-Stock Reform-Finalization of the Path and Proposal of the Joint-Stock Reform
Chapter Ⅴ Launch of Pilot Reform-Joint-Stock Reforms and IPOs of CCB, BOC, and BoCom
Chapter Ⅵ Expansion and Conclusion-Joint-Stock Reforms and IPOs of ICBC and ABC
Chapter Ⅶ Strengthening the Foundation-Development of Corporate Governance and Internal Risk Controls in Major Commercial Banks
Chapter Ⅷ Post-Reform Rejuvenation-An Analysis of the Effectiveness of the Joint-Stock Reform
Epilogue
Afterword
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