Asia's demand for second-generation financial institutions and markets needs to be met in order for the region's further development to be sustained. This book provides a compelling, fact-based assessment of current practices and regulations in Asia's financial institutions and markets and carefully documents the exciting opportunities and challenges that lie ahead in the region's financial systems.
Qiao Liu is Assistant Professor in the Faculty of Business and Economics at the University of Hong Kong, People's Republic of China. Douglas W. Arner is Associate Professor in the Faculty of Law of the University of Hong Kong, People's Republic of China. Paul Lejot is currently Visiting Fellow at the Asian Institute of International Financial Law at the University of Hong Kong, People's Republic of China.