Zhang / Chan The Chinese Yuan

Internationalization and Financial Products in China
1. Auflage 2010
ISBN: 978-0-470-82740-6
Verlag: John Wiley & Sons
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 576 Seiten, E-Book

Reihe: Wiley Finance Editions

Few topics have attracted as much attention worldwide in recentyears as the RMB. These debates have gained added urgency in lightof the financial crisis and the topic of RMB revaluation is nowbeing actively debated in countries all over the world from Tunisiato the United States. This book explores the ever-changing role ofthe RMB and the related derivative products. However, it does sofrom a view that is heavily influenced by the fallout from thefinancial crisis as well as the in the context of the increasingmaturity of the Chinese capital markets. The author has drawn onhis experience as a regulator to provide invaluable views, insightsand information on RMB derivative products and the development ofthis market going forward.
Key topics include:
* Overview of current China economy and its capital market
* In-depth analysis on the China's banking system and foreignexchange system
* Extensive analysis of on-shore and off-shore financial productsin China
* Explanation of the needs and reasons for RMB productsinnovation
* Insights into the internationalization of the RMB
Not only will this book leave its readers with a much cleareridea of the structure of China's capital markets but it also givesinsights on the market going forward leveraged through PeterZhang's many years of experience as both a senior banker andthrough his integral role in the key regulatory authority of thebanking sector, the CBRC.

Autoren/Hrsg.

Zhang, Peter G.

Chan, Thomas

Inhaltsverzeichnis

Foreword.
Preface.
Acknowledgments.
PART ONE The Chinese Economy and Financial Markets.
CHAPTER1 The Chinese Economy.
CHAPTER2 China's Banking System.
CHAPTER 3 China's Capital Market.
CHAPTER 4 China's Foreign Exchange System andInternational Investment Positions.
PART TWO Major Onshore CNY Products and TheirMarkets.
CHAPTER 5 CNY Foreign Exchange Forwards.
CHAPTER 6 The Foreign Exchange Swap Market.
CHAPTER 7 CNY Bond Forwards.
CHAPTER 8 CNY Interest Rate Swaps.
CHAPTER 9 Forward Rate Agreements.
CHAPTER 10 Wealth Management Products in China.
CHAPTER 11 Other CNY Products.
PART THREE Offshore CNY Derivatives Products.
CHAPTER 12 CNY Non-deliverable Forwards.
CHAPTER 13 CNY Non-deliverable Options.
CHAPTER 14 CNY Non-deliverable Swaps.
CHAPTER 15 Non-deliverable CNY Interest Rate Swaps.
CHAPTER 16 Stock Index Futures and Options.
PART FOUR The Internationalization of the CNY andDevelopment of CNY Markets.
CHAPTER 17 Major International Currencies and Their ForeignExchange Market Liquidities.
CHAPTER 18 Lessons from the Internationalization of the Yen.
CHAPTER 19 The Current Status of the CNY InternationalizationProcess.
CHAPTER 20 Market and Product Trends Under theInternationalization of the CNY.
Bibliography.
Index.

Über Autor(innen)

Dr. Guangping (Peter G.) Zhang served as manager and vicepresident in various financial institutions including Union Bank ofSwitzerland (UBS) New York Branch and Chemical Bank head office inNew York in the area of over-the-counter derivatives. After workingas Vice President for Chase Manhattan Bank in Tokyo, he furtherbroadened his expertise at Harvard Law School. He jointed theShanghai Futures Exchange in 2003 as Chief Financial EngineeringAdvisor and Senior Director of Research & Development Center,and the newly-established Supervisory Cooperation Department forBanking Innovation of China Banking Regulatory Commission (CBRC) in2005 as Deputy Director General. He re-allocated to CRRC ShanghaiBureau as Deputy Director General in 2007. Dr. Zhang is anexperienced financial expert with many articles and books publishedboth in English and Chinese including Exotic Options - AGuide to 2nd Generation Options (1998); ChineseYuan (RMB) Derivatives Products (2004, English edition),Chinese Yuan Derivatives and Practices (2006, 1stand 2008, 2nd, Chinese eds.), and Chinese YuanProduct Innovation, (2010, Chinese ed.).
Thomas Chan is an audit partner in KPMG financialservices practice with more than 16 years of audit experience atKPMG China. He has comprehensive experience in auditing listedcompanies, accounting standard conversions and internal controlcompliance reviews. Thomas has extensive knowledge on operations ofand regulatory requirements on commercial; banks, securities firms,trusts, asset management companies, leasing companies and privateequity funds. He is a fellow member of both HKICPA and ACCA.