Authored by Zhang Guangping
Published by China Financial Publishing House
Published on August 1, 2008
About the Author
After being sent to the U.S. for further education by the State Education Commission in 1987 and earning his Master’s degree in economics in 1989 and Doctor’s degree in economics and finance in 1991, Zhang Guangping engaged in financial business at the U.S.-based Standard & Poor’s, New York Branch of the United Bank of Switzerland and the U.S.-based Chemical Bank in succession. In 1996, he acted as Vice President of Tokyo Branch of JPMorgan Chase & Co. From 1998, he furthered his study of banking and securities laws at Harvard Law School. In 2003, he joined the Shanghai Futures Exchange as Chief Financial Engineering Expert also Senior Director of Development and Research Center. In November 2005, he joined the China Banking Regulatory Commission (CBRC) as Deputy Director of Innovative Supervision Cooperation Department. In October 2007, he held the position of Vice President of the CBRC.
Zhang has written several professional books about finance both in English and Chinese. Among them, the English version of “Collapse of Barings and Financial Derivatives” was published in 1995, with its Chinese version published by Shanghai People’s Publishing House in 1997 and re-printed in 1998. “Exotic Options”, his another professional book in English which detailed the 2nd generation options popular among western financial institutions and enterprises, was re-printed in 1998 after its debut overseas in 1997 and. “RMB Derivatives”, one of his recent publications, saw its English version published overseas in 2004, with its Chinese version published by China Financial Publishing House in May 2006.
Capsule Summary:
Updating and enriching the chapters in its first edition and adding such new ones as China’s international investment position, commodity futures, bond forwards, interest rate swap, stock index futures and warrant, “RMB Derivative” gives readers a panoramic view of RMB products at home and abroad by introducing, analyzing and discussing the new RMB products and markets cropping up in China in recent years. The empirical analyses on the new issues popping up in front of China’s economic and financial system in the book are very helpful and inspiring. The book is sure to benefit the theoretical research and practical application of China’s financial innovation and risk management.