Capital Markets

Chinese Capital Markets Research, Spring 2012

Chinese Capital Markets Research is published four times a year, in Japanese only. An English translation of the Table of Contents is provided here with links, when available, to related articles in English published by Nomura Institute of Capital Markets Research (NICMR). For other materials in English, please contact the author(s) or NICMR directly.

Contents

Financial and Capital Market Reform

Outlook for China's Securities Markets in 2012
LI Yongsen, Finance and Securities Research Institute, Renmin University

Macro Finance

A Hard Landing for China’s Real Estate Market Can Be Avoided
ZHANG Chenghui & CHEN Daofu , Development Research Center of the State Council
The Housing Market Has Entered a Period of Adjustment – Limited Impact on the Macro Economy
Chihung KWAN, Nomura Institute of Capital Markets Research, Ltd.

Foreign Exchange System

How is China's “Managed Floating” System being Managed?
Chihung KWAN, Nomura Institute of Capital Markets Research, Ltd.

Capital Flows

Internationalization of the Renminbi or Capital Account Liberalization?
YU Yongding, Institute of World Economics and Politics, Chinese Academy of Social Sciences

International Finance

Bilateral Summit Marked the Beginning of a New Era of Financial Cooperation between Japan and China

Eiichi SEKINE, Nomura Institute of Capital Markets Research

Meaning and Challenges of the China-Japan Currency Agreement from China’s Perspective
ZHANG Bin & XIAO Lishen, Institute of World Economics and Politics, Chinese Academy of Social Sciences

Asset Management

World’s First RMB Gold ETF Listed on the Hong Kong Stock Exchange
Tatsuo Arai, Nomura Institute of Capital Markets Research

HOT TOPIC

Shanghai’s Roadmap to Becoming an International Financial Center Confirmed and Enhanced
Eiichi SEKINE, Nomura Institute of Capital Markets Research, Ltd.