Peter Zhang has devoted himself to the study of Chinese yuan products for many years. His book summarizes both the use of financial products in the global financial crisis and the related lessons drawn in the context of China’s economic and financial development. This book is not only enlightening, it also provides real value to those in the financial sector to better understand and use financial derivative products.
— Zhu Min, Former Deputy Governor of the People’s Bank of China, Special Adviser to the IMF

Dr. Zhang was directly involved in innovations relating to financial product design, valuation and risk control in the international financial market over a decade ago. Since his return to China, he has been closely tracking every twist and turn of Chinese yuan financial Product innovation domestically and oversea. This book introduces CNY financial products and related market analyses in the macroeconomic and financial context. It is of practical value and a good reference to the promotion of financial innovation in China.
— Hu Huaibang, Chairman, Bank of Communications.

Chinese yuan financial product innovation has been the focal point of innovation in China’s financial sector. It has also been the crux for enhancing the core competitiveness of China’s financial industry and establishing Shanghai as an international hub. Since publication of its first edition, the book has been widely used by a majority of key domestic banks and many foreign banks. It has also played an important role in promoting financial innovation in China. I believe this book will further contribute to China’s financial innovation.
— Yan Qingmin, Director General, Shangai Bureau of China Banking Regulatory Commission

The book analyses the trading of major Chinese yuan financial products in offshore markets by looking at China’s economy and financial market systematically. It is very timely and I highly recommend it.
— Li Fuan, Director General, Business Innovation and Supervision Department, China Banking Regulatory Commission

The internationalization of the Chinese yuan will be an important policy area for China in the coming years. As the authors make clear. This involves reform of China’s domestic capital markets as well as freer international capital flows. This book is a very useful introduction to all the issues involved.
— Paul Cavey, Head of China Economics, Macquarie Securities

Peter Zhang’s work functions both as a useful reference on the operations of Chinese financial markets as well as a thorough description of the recent reforms that contributed to the introduction of key financial products in China. In addition, the book contains one of the most systematic and detailed discussions available concerning the issues involved in China’s incremental and gradual approach to internationalization of the currency, including lessons from Japan’s experience with the yen, the role of Hong Kong, and the importance of sequencing steps in line with domestic market reforms.
— Logan H. Wright, Ph.D., Director – China, Medley Global Advisors, LLC