From the perspective of Chinas reform and development, and the difficulties inlong-term financing, the authors explain the method China now uses to provide development finance. The theoretical framework of the development finance system is explored. The book concludes with a comparison with the policyoriented finance systems of foreign countries.
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China Development Bank and Renmin University of China jointly set up the Research Team on the Developmental Finance of China in August 2004. Systematic research projects have been conducted around the successful operation of the China Development Bank since 1994, and especially after 1998, with Chinas shift to a transitional economy. Directors of the Project Committee included Chen Yuan (President of the China Development Bank), Ji Baocheng (President of Renmin University of China) and Huang Da (Professor of the School of Finance, Renmin University of China).
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