Acknowledgments; Translating Market Socialism with Chinese Characteristics into Sustained Prosperity -- Joseph P.H. Fan, Randall Morck, and Bernard Yeung; I. Financial System and Its Governance; 1. The Governance of China's Finance -- Katharina Pistor; Comment: Zheng Song; 2. China's Financial System: Opportunities and Challenges- Franklin Allen, Jun "QJ" Qian, Chenying Zhang, and Mengxin Zhao; Comment: Chenggang Xu; II. Governance of Stock Markets; 3. Assessing China's Top-Down Securities Markets -- William T. Allen and Han Shen; Comment: Qiao Liu
4. Institutions and Information Environment of Chinese Listed Firms -- Joseph D. Piotroski and T.J. WongComment: Li Jin; III. Capital Accumulation; 5. Why Are Saving Rates So High in China? -- Dennis Tao Yang, Junsen Zhang, and Shaojie Zhou; Comment: Leslie Young; 6. The Chinese Corporate Savings Puzzle: A Firm-Level Cross-Country Perspective -- Tamim Bayoumi, Hui Tong, and Shang-Jin Wei; Comment: Ning Zhu; IV. Public Finance; 7. Financial Strategies for Nation Building -- Zhiwu Chen; Comment: Jiahua Che
8. Provincial and Local Governments in China: Fiscal Institutions and Government Behavior -- Roger H. Gordon and Wei LiComment: Zhigang Li; Contributors; Author Index; Subject Index