Foreword Paul Keating 1 Zhou Xiaochuan 3 Andrew Sheng 5 Preface 7 Chapter 1 World-class Development Finance 11 Stepping Up to the Task 13 Tackling Credit Reform Head On 17 China's First Bank Restructuring 22 Building Markets and Rewriting Rules 25 Rising to the Top in Development Finance 28 In Theory Development Finance, World-Class Performance 33 In the Press Becoming a World-Class Bank 41 Chapter 2 Bank-Government Partnership: A New Norm 47 Breaking the Bank-Government Deadlock 49 The Yunnan Pilot 54 Banks and Government: Building Markets Together 58 A Broad Channel Between State and Market 62 In Theory Development Finance as a Driver for Sustainable Development 66 Stronger Markets for a More Harmonious Society 84 In the Press Development Finance: Paving the Way for Stronger Markets 92 Chapter 3 The Wuhu Model: Transforming China's Cities 97 Setting the Stage: Wuhu 99 Bundling Out" the Bottlenecks 103 Urbanizing 800 Million 106 Tianjin: Reinventing a City 109 Ongoing Growth 111 The HBS Case Study 115 In Theory Financing Urban Development 118 Development Finance and Urbanization 125 In Practice From Farm to Factory: Tracing the Journey of Urbanization 134 Chapter 4 Strategic Planning for Smart Development 139 Case Study: The Liaoning Economic Corridor 142 Planning for Industrial Development 146 Planning for Rural Development 149 Planning for Social Development 151 Planning for Global Development 154 In Theory The Role of Strategic Planning in Promoting Social and Economic Development 157 In Practice Suzhou Industrial Park 173 Chapter 5 The Market Approach: In Pursuit of National Strategies 177 Building China's Bond Market 179 Paving the Way for Urban Development Finance 184 Regional Development: Western China 186 Regional Development: Northeast China 190 FuU-service Finance: A Bold New Endeavor 193 In Theory The CDB Approach to Growth: Aligning with National Development Strategy 198 The Changing Role of Development Finance and Policy-based Lenders 211 In the Press Unleashing the Power of Finance to Develop Western China 225 In Focus CDB: 10 Firsts in China's Bond Market 230 Chapter 6 State Bank: Rebalancing the Chinese Economy 233 Indigenous Innovation: The Backbone of Domestic Industry 236 Going Green: Laying the Foundation for Scientific Development 240 Cap and Cultivate: Restructuring for Sustainable Growth 244 The Transformative Potential of Emerging Industries 246 Cultural Industry: Putting the Final Touches to Rebalancing 249 In Theory Development Finance as a Seedbed for Scientific and Technological Innovation 253 A New Model of Economic Growth: The Role of Development Finance 261 Chapter 7 Financial Innovation Paving the Way for Rural Development 271 High Hopes from Policy Directive "Number 1 Document" 274 Ji County Model: Micro-lending to Farmers 277 Following Through: Boosting Our Commitment to Rural Development 282 In Theory Building a New Countryside Through Development Finance 287 In the Press Creating New Ways to Finance Agriculture 295 Chapter 8 Inclusive Finance: Driving Social Development 305 Community Finance: Putting People First 307 A Roof over Every Head: "Count CDB In!" 312 Student Loans: Ensuring Equity in Education 316 Small Loans, Big Impact 321 In Theory Building Markets, Building a Better China 328 How Development Finance Can Strengthen Social Foundations 340 In Practice Emergency Lending: Financial Help for Those Most in Need 348 Chapter 9 International Cooperation: A Model for Mutual Benefit 353 "Going Global Sure Beats Going Rural" 356 In Every Crisis, an Opportunity 359 Multilateral Cooperation: Making Everyone a Winner 362 "Don't Look at Where a Company Comes from; Look at Where It's Going." 367 Embracing Africa: Cementing Sino-African Friendship 372 In Theory Going the Distance: In Pursuit of Robust, Long-term Financial Cooperation 377 Development Financing: Linking China with the World 382 In the Press Interview: CDB Chairman Chen Yuan 394 CCTV Interview: Inter-BRICS Financial Cooperation 402 Chapter 10 Development Finance in Ascendance 407 Development Finance: At Every Juncture 409 From Weiming Lake to the Charles River 413 The Ascendancy of Development Finance 417 In Theory Assessing the Global Economic Crisis 423 Chinese Economic Development in the Wake of the Global Economic Crisis 437 In Focus China Council for the Promotion of Development Finance 466 Acknowledgements 469"
