The author, Winston Ma, is one of a small number of native Chinese that have worked as an investment banker and practicing capital markets attorney in both the United States and China. He brings a unique and invaluable insight to this increasingly important focus for international investment.

Investing in China is an accessible read - it describes current market developments, financial products and transactions in a practical manner, avoiding complex maths. With a clear approach and engaging writing style, Winston Ma provides an authoritative overview of the historic opening up of these markets.

With a copy of Investing in China, you and your colleagues will:

• Acquire a cutting-edge picture of China's stock market at the birth of a new era;

• Learn to profit from a variety of new financial products accessible through the QFII system, which represent a variety of risk / reward profiles (including warrants, exchange-traded funds, convertible bonds, and principal-protected products);

• Appreciate the increasingly active foreign M&A and MBO markets, as China accelerates both State-Owned Enterprises privatisation and M&A framework modernisation;

• Understand the unique trading behaviour and structuring features of the investment vehicles resulting from the "Chinese characteristics" of the market and regulatory landscape;

• Identify the differences between similar investment products in China and in western markets and understand the economic, legal and regulatory reasons for these differences;

• Appreciate the vast new opportunities and prepare for the risks (complexities) brought in by the state share reform of 2005, indisputably the biggest ever reform in market history.

Investing in China - your essential roadmap helping you to profit in China's rapidly changing market.

Part I
1 Overview and Trends
2 Emerging Access to China's Stock Market

Part II: Financial Innovations and New Offerings
3 Convertible Bonds
4 Warrants and Options
5 Exchange Traded Funds (ETF)
6 Stock Index and Index Products
7 Principal-Protected Investments
8 Short, Repo and Futures

Part III: Breakthroughs In-the-Making
9 M&A and Private Equity Funds
10 Management Buy-Out (MBO)

NB - the above contents are subject to minor changes prior ro publication

Reviewed by Professor Ron Schramm, Columbia Business School, New York City

Investing in China by Winston Ma is an in depth description and analysis of the state-of-play of the financial sector and financial reform in China. It describes the key efforts - current and on the horizon - at modernizing China's financial system. It provides the necessary financial theory as a backdrop to the financial reform effort.  It catalogues in a very useful way, the various financial instruments which are, and importantly, are still not permitted. Along the way we learn about the key institutions, both in the Government sector and in the private sector, which are participating in China's transition to an economic powerhouse. The book is extremely current, clear and concise in its explanations. It should be on the bookshelf of anyone who is interested in China's financial sector. I have recommended Investing in China to my EMBA students who are taking the graduate seminar on China.

Reviewed by Dr Zhiwu Chen, Professor of Finance, Yale University School of Management 

Winston Ma's book, Investing in China, offers a state-of-the-art coverage on what investment vechicles are available today in China. Given the fast pace of financial innovations there, his authoritative, detailed and practical introduction into China's capital markets is timely and the most up-to-date. As is often the case, financial products in China are not always exactly what their names would suggest to a Westerner. Studying their ″Chinese characteristics″ is a must. This is a book recommended for anyone interested in investment opportunities and recent developments in China.

Reviewed by Dr Rita E. Hauser, President of Hauser Foundation 

Winston Ma is one of a young generation of brilliant Chinese legal scholars. He was a prestigious Hauser Global Law School Scholar at NewYork University Law School, specializing in investment and securities law. He thoroughly understands the workings of China's emerging stock market. This book is one to be studied by all those considering investment in China.

Reviewed by Lester Ross, Managing Partner, Wilmer Cutler Pickering Hale and Dorr LLP, Beijing

Investing in China is a thorough and very readable explanation of the evolution and current situation of China's stock market. It covers not just equities and quasi-equity instruments, but also strategies for active as well as passive investors to enter and grow in one of the world's largest and fastest growing economies. Few are better equipped to handle a project of this breadth and complexity than Winson Ma, trained in the law and an investment banker by trade, as comfortable in China as he is in New York.

Reviewed by Dr. Peter Zhang, Deputy Director General, China Banking Regulatory Commission (CBRC)

Winson Ma's book is a comprehensive book covering major topics of the current Chinese financial markets. His expertise in both legal and financial areas combined with his understanding of the Chinese financial system make the book attractive to those interested in the Chinese financial markets, particulary in the legal aspects and market innovation.

Reviewed by Norwood P. Beveridge, member of the faculty at Oklahoma City University, School of Law

Every lawyer, market professional, and serious investor interested in gaining insight into the securities markets in China should read, Investing in China. This book is particularly relevant at a time when Chinese markets are in the process of intense structural reform and are being opened up in unprecedented ways to foreign investors. The author, Winston Ma, explains in a clear and concise manner the many fascinating details of Chinese financial markets. 

Winston Wenyan Ma, CFA and Esq., is one of a small number of native Chinese that have worked as an investment banker and practicing capital markets attorney in both the United States and China. He is currently a Vice President at a major multinational investment bank based in New York, where he is a member of an investment banking structuring and solution team across equity, fixed income, M&A and rating advisories. With bar admissions in both China and New York, he worked as a corporate lawyer at Freshfields' Shanghai Office and Davis Polk & Wardwell's New York office until 2001. In the spring semester of 2000, Mr. Ma was an international visiting professor at the University of Richmond Law School, teaching a course on China's Corporations and Securities Laws.
He frequently publishes articles on financial innovation matters in industry magazines, and he has spoken on a number of global conferences on structured products, convertible bonds, and emerging markets securitization. Mr. Ma has a MBA degree from the University of Michigan Ross Business School and a Master of Comparative Jurisprudence (MCJ) from the New York University School of Law, where he was a Hauser Global Scholar. Before that, he graduated with a Bachelor of Science and a Bachelor of Law degree from Fudan University Materials Science Department and School of Law respectively in Shanghai, China.