Jianjun Li is Professor of Finance at Central University of Finance and Economics in Beijing, China. He has published seven books and one hundred papers on informal finance, monetary policy, banking performance measurement, financial crisis, financial reform, and liberalization. Sara Hsu is Visiting Assistant Professor at Trinity University in San Antonio, Texas. Her areas of interest include development economics, China's economy, informal finance, and international economics.

• APPENDIX A: QIANG FU & JIANJUN LI, INFORMAL FINANCE, MONETARY CONDITIONS AND ECONOMIC MOVEMENTS; APPENDIX B: GUANGNING TIAN, THE STORY OF ONE ENTREPRENEUR'S FINANCING EXPERIENCE IN SHANXI

Informal financing has long caught the attention of academic circles as well as the wide public. However, the lack of in-depth and comprehensive study of the issue is as obvious as the phenomenon itself. Fortunately, this book now offers us an adequate and accurate analysis of the Chinese informal financing, by empirically tracing its evolution alongside the unfolding of the overall economic reform, and formulating theories based on actual cases from the field. The accomplishments of the book also owe a lot to the co-editors from both China and the United States, whose reputable contribution will certainly be appreciated by readers of this milestone work.

Jianjun Li is Professor of Finance at Central University of Finance and Economics in Beijing, China. He has published seven books and one hundred papers on informal finance, monetary policy, banking performance measurement, financial crisis, financial reform, and liberalization. Sara Hsu is Visiting Assistant Professor at Trinity University in San Antonio, Texas. Her areas of interest include development economics, China's economy, informal finance, and international economics.

• APPENDIX A: QIANG FU & JIANJUN LI, INFORMAL FINANCE, MONETARY CONDITIONS AND ECONOMIC MOVEMENTS; APPENDIX B: GUANGNING TIAN, THE STORY OF ONE ENTREPRENEUR'S FINANCING EXPERIENCE IN SHANXI

Informal financing has long caught the attention of academic circles as well as the wide public. However, the lack of in-depth and comprehensive study of the issue is as obvious as the phenomenon itself. Fortunately, this book now offers us an adequate and accurate analysis of the Chinese informal financing, by empirically tracing its evolution alongside the unfolding of the overall economic reform, and formulating theories based on actual cases from the field. The accomplishments of the book also owe a lot to the co-editors from both China and the United States, whose reputable contribution will certainly be appreciated by readers of this milestone work.

Jianjun Li is Professor of Finance at Central University of Finance and Economics in Beijing, China. He has published seven books and one hundred papers on informal finance, monetary policy, banking performance measurement, financial crisis, financial reform, and liberalization. Sara Hsu is Visiting Assistant Professor at Trinity University in San Antonio, Texas. Her areas of interest include development economics, China's economy, informal finance, and international economics.

• APPENDIX A: QIANG FU & JIANJUN LI, INFORMAL FINANCE, MONETARY CONDITIONS AND ECONOMIC MOVEMENTS; APPENDIX B: GUANGNING TIAN, THE STORY OF ONE ENTREPRENEUR'S FINANCING EXPERIENCE IN SHANXI

Informal financing has long caught the attention of academic circles as well as the wide public. However, the lack of in-depth and comprehensive study of the issue is as obvious as the phenomenon itself. Fortunately, this book now offers us an adequate and accurate analysis of the Chinese informal financing, by empirically tracing its evolution alongside the unfolding of the overall economic reform, and formulating theories based on actual cases from the field. The accomplishments of the book also owe a lot to the co-editors from both China and the United States, whose reputable contribution will certainly be appreciated by readers of this milestone work.