This book was organized and compiled by the Asset Management Association of China and presents, in a "chronicle" style, a panoramic view of more than two decades of development in China's fund industry. It is divided into nine chapters, using major events in institutional development, reform and opening-up, and exploratory innovation as chronological markers, and interviews participants and witnesses of key historical events to fill in background and personal details, so that the bargains behind policy-making, the contours of market fluctuations, and the choices of institutions and practitioners all appear with cause and effect in their concrete contexts. The book reviews the irregular operations and regulatory gaps of the early "old fund" stage, records the start of standardized public funds in 1998, and the subsequent continuous evolution in laws and regulations, product innovation, opening to the outside world, and investor structure. In its narrative, the macro level outlines the gradual growth of China's financial industry and the difficulties of institutional development; the micro level presents ordinary people's journey from unfamiliarity and doubt to gradual acceptance of funds as a way of managing money. The author seeks to show how the fund industry moved from initial exploration to standardization, and then gradually aligned with international financial markets and matured, tracing a clear path of growth within the long scroll of China's capital market over nearly four decades. The book's appendices and main text include a large amount of media material, historical photographs and oral accounts of eyewitnesses, combining documentary value with readability; it can serve both as a desk reference for fund practitioners and as a general reader for ordinary readers seeking to understand the ins and outs of China's public funds. (Note: page counts and formats vary slightly between printings; refer to the physical copy.)
Founded in 1988 and affiliated with China CITIC Group, CITIC Press focuses on business and economics, social sciences, literature and children's books, with common categories covering social sciences, finance, literature, Eastern philosophy and literary appreciation. Its library holds 91 titles, including Yuval Noah Harari's Sapiens trilogy, Thomas Piketty's Capital in the Twenty-First Century, Wu Xiaobo's Thirty Years of Strife: Chinese Enterprises 1978–2008, Nelly Sachs's The Weight of Butterflies: Selected Poems of Nelly Sachs, as well as New Interpretations of the Analects and Chiang Hsun's lectures on Dream of the Red Chamber. Its authors and translators include Lin Junhong, Ba Shusong, Chen Li and Chang Fen-ling. Overall, the press introduces influential works in finance and social sciences while balancing classic translation and local appreciation in literature and Eastern philosophy, combining academic depth with accessible reading.
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