Dr Qin Xiao is Chairman of China Merchant Group Limited and China Merchants Bank since 2001. Before that, he was Vice Chairman and President of China International Trust and Investment Corporation (CITIC), and Chairman of CITIC Industrial Bank. He is a member of the APEC Business Advisory Council (ABAC) and was Chair of ABAC in 2001. Dr Qin Xiao is also a member of Toyota's International Advisory Board. He holds a Ph.D. in economics from University of Cambridge, and serves as an Honorary Professor at the Business School of Tsinghua University and the Graduate School of the People's Bank of China. He is the author of several papers and books in the fields of economics and management, and a keynote speaker at various international fora, such as APEC.

• List of Tables List of Diagrams Endorsements Introduction Foreword Preface 1. Introduction 2. Overview of the Literature 3. The Establishment of 'Substitution Function Model' and the Study of the Relevant Variables 4. CITIC Story: Case Study 5. Conclusion Appendix References Index

Dr Qin Xiao is Chairman of China Merchant Group Limited and China Merchants Bank since 2001. Before that, he was Vice Chairman and President of China International Trust and Investment Corporation (CITIC), and Chairman of CITIC Industrial Bank. He is a member of the APEC Business Advisory Council (ABAC) and was Chair of ABAC in 2001. Dr Qin Xiao is also a member of Toyota's International Advisory Board. He holds a Ph.D. in economics from University of Cambridge, and serves as an Honorary Professor at the Business School of Tsinghua University and the Graduate School of the People's Bank of China. He is the author of several papers and books in the fields of economics and management, and a keynote speaker at various international fora, such as APEC.

• List of Tables List of Diagrams Endorsements Introduction Foreword Preface 1. Introduction 2. Overview of the Literature 3. The Establishment of 'Substitution Function Model' and the Study of the Relevant Variables 4. CITIC Story: Case Study 5. Conclusion Appendix References Index

Dr Qin Xiao is Chairman of China Merchant Group Limited and China Merchants Bank since 2001. Before that, he was Vice Chairman and President of China International Trust and Investment Corporation (CITIC), and Chairman of CITIC Industrial Bank. He is a member of the APEC Business Advisory Council (ABAC) and was Chair of ABAC in 2001. Dr Qin Xiao is also a member of Toyota's International Advisory Board. He holds a Ph.D. in economics from University of Cambridge, and serves as an Honorary Professor at the Business School of Tsinghua University and the Graduate School of the People's Bank of China. He is the author of several papers and books in the fields of economics and management, and a keynote speaker at various international fora, such as APEC.

• List of Tables List of Diagrams Endorsements Introduction Foreword Preface 1. Introduction 2. Overview of the Literature 3. The Establishment of 'Substitution Function Model' and the Study of the Relevant Variables 4. CITIC Story: Case Study 5. Conclusion Appendix References Index