●Preface to the English Editioni
Prologue： The Bank Has Many Aspects， I Know Just a Fewiii
Part One China’s AMCs in Their Early Days： The Key Facts to Understand Them1
A Reasonable Pricing of Distressed Assets Cru for AMCs’ Operations5
China’s AMCs Are Not Losing to RTC15
Operations and Development of China’s Finan AMCs23
Attracting Foreign Capital to Dispose of China’s Distressed Assets39
How to Dispose of State-Owned Commer Banks’ NPLs49
Exploring a New Mechanism to Develop AMCs in the New Circumstances62
A New Path for Non-Performing Loan Securitization76
D’Long’s Trusteeship – One of Huarong’s Innovative Experiences in Distressed Asset Disposal86
Part Two China’s Banking Reform and Development： The Big Picture and Some Unique Perspectives99
A New Chapter for ICBC – ICBC’s First Press Conference After the Joint-Stock Reform101
Some Thoughts on Maintaining the CAR of Chinese Commer Banks112
The Essence of Finan Lease128
The Classification of MSEs Needs to Be Improved137
China Should Be Alert to Risks Caused by Insufficient Finan Innovation141
The Real Economy and the Finan Industry Are Not Opposed to Each Other145
The Business Model and Challenges of the Chinese Banking Industry151
On Establishing Banks With Private Capital Promoters163
Several Issues to Clarify About China’s Banking Industry173
Excess Capacity and Excess Lending： Issues to Be Resolved When Entering the New Normal201
Promoting Healthy Development of China’s Bill Market210
My Views on the Loan-to-Deposit Ratio Requirement217
Credit Asset Securitization Should Be Accelerated226
Some Insights From the Securitization of Credit Assets in the United States 233
When Simply Expanding Investment Is no Longer a Good Idea240
Some Thoughts on the Debt-to-Equity Swap245
Part Three 2008 Finan Crisis： Reflections on Some Critical Issues 253
The Subprime Mortgage Crisis From a New Perspective255
Two Points on Improving the Fair Value Measurement271
A Rational Look at Standard & Poor’s Rating Revision277
The Fifth Anniversary of Lehman Brothers’ Fall287
Part Four Internet Finance： What Is Right and What Is Wrong 297
Thoughts on Internet Finance299
Development of Internet Finance Needs Healthy and Good Cultural Support318
Integration， Inheritance and Innovation Are the Way Forward for Internet Finance328
What Does Finan Innovation Need in Addition to Technology?334
How Commer Banks Build Their Big-Data Capability and Apply it in Risk Management342
Big-Data Misinterpretation in Internet Finance and Its Examples417
Sustainable Development of Internet Finance Needs Reining in Trial-and-Error Costs425
Epilogue： Follow Dialectics and Avoid Overstatement431
