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¡¡¡¡This book aims to analyze the financial reforms in China from an institutional view which is in fact a crucial theme to ensure the stability of reforms and growth in this emerging economy.After the Introduction which will make a brief review of the literature and a presentation of financial development£¬ Chapter 1 will try to demystify the finance-growth ¡®puzzle¡¯ and the inefficiency of Chinese financial system in setting forth the Adaptive Efficiency and the rate of financial repression in China.Chapter 2 will analyze the financial institutions¡¯ reforms in China£¬ from banking system reforms to credit system reforms in focusing on governmental efforts for the accession to the WTO £» the non-performing loans£¬ State-Owned Enterprises £¨SOEs£© and Banks £¨SOBs£© and the opening to foreign petition have also been expatiated.Finally£¬ this book concludes in advancing policy remendations without forgetting to mention the further research.