The Capital Market in China: A 60-Year Review provides an in-depth overview of the formation of capital and the development of the capital market in China. It reviews the innovations of China's capital formation mechanism since the establishment of New China in 1949, and includes coverage of methods of state investment and intervention, depreciation funds, venture investment, the development of asset-backed securities, mutual funds investments, time-space compression, and financial globalization. Volume 3 reveals how asset securitization, financial futures markets, and investment banks innovated China's capital formation mechanism. This volume of the series also explains the opportunities and challenges financial globalization will bring to the Renminbi and clarifies the connection between asset securitization and the 2008 global financial crisis. The author also devotes a chapter to a discussion of the relationship between capital accumulation and the development of the urban economy by pointing out the significance of urbanization, transportation construction, and the economic role of farmers-turned workers in China. The book concludes with an appeal to the Chinese leaders and people to recognize the importance of capital and improve the efficiency of using capital in order to truly benefit the people.