Zhong Xu – författare

Fintech, the integration of technology into the delivery of financial services, has revolutionized the world of Finance. This book introduces a new framework to study the concepts that underly Fintech while examining the driving forces and underlying logic behind Fintech-based innovation and predicting the future development of Fintech.

The first three parts of the book cover the development and basics of Fintech and its relationship with inclusive finance, while later parts constitute a deep dive into several core issues surrounding Fintech. First, the book introduces an economic explanation of blockchain and its application in various scenarios based on the token paradigm. Second, it studies digital currency and discusses its impacts on payment systems, financial inclusion, monetary policy, and financial stability. Third, the authors explore how to build a compliant and effective market for data while protecting data privacy, impinging on the future development of AI application, the digital economy, and Fintech. Fourth, the book examines public policies related to Fintech, including regulatory technology, the regulation of financial activities of Big Tech companies, and how to promote financial inclusion.

The title will appeal to scholars, students, and financial practitioners and regulators in a broad range of areas including economics, finance, technology, and public policy, especially Fintech, blockchain, and digital currency.

Fintech, the integration of technology into the delivery of financial services, has revolutionized the world of Finance. This book introduces a new framework to study the concepts that underly Fintech while examining the driving forces and underlying logic behind Fintech-based innovation and predicting the future development of Fintech.

The first three parts of the book cover the development and basics of Fintech and its relationship with inclusive finance, while later parts constitute a deep dive into several core issues surrounding Fintech. First, the book introduces an economic explanation of blockchain and its application in various scenarios based on the token paradigm. Second, it studies digital currency and discusses its impacts on payment systems, financial inclusion, monetary policy, and financial stability. Third, the authors explore how to build a compliant and effective market for data while protecting data privacy, impinging on the future development of AI application, the digital economy, and Fintech. Fourth, the book examines public policies related to Fintech, including regulatory technology, the regulation of financial activities of Big Tech companies, and how to promote financial inclusion.

The title will appeal to scholars, students, and financial practitioners and regulators in a broad range of areas including economics, finance, technology, and public policy, especially Fintech, blockchain, and digital currency.

This book provides a comprehensive introduction to and technical description of a unique patented surface-modification technology: plasma surface metallurgy with double-glow discharge plasma process, known as the Xu-Tec process. As such it promotes further attention and interest in scientific research and engineering development in this area, as well as industrial utilization and product commercialization.

The Xu-Tec process has opened up a new material engineering field of “Plasma Surface Metallurgy”. This surface-modification process can transform many low-grade and low-cost industrial engineering materials into “gold” materials with a high value and high grade or special functions. This improved material can be widely used in industrial production to improve the surface performance and quality of mechanical parts and manufacturing products, and to conserve expensive alloying elements for the benefit of all mankind.

“This book will be valuable to those in the general area of surface metallurgy. The substantial description of the Xu-Tec process is very important and should assist in expanding the use of this superior technique. The in-depth explanation of glow discharges and their use in general will also serve as a valuable reference in the field.”

James E. Thompson, Prof.

Fellow of the IEEE

Dean of Engineering Emeritus

University of Missouri, Columbia, Missouri, USA

November, 2016

"A BREAKTHROUGH IN MAKING METAL TOUGHER".

---- SCIENCE & TECHNOLOGY

Business Week, July 24, 1989

“NOVEL SURFACE ALLOYING PROCESS”

--- THE LEADING EDGE TECHNOLOGY WORDWIDE

Materials and Processing Report, Dec. 1987

This book is about China’s economy transformation. Currently, China’s macro-leverage ratio has been effectively controlled, the central market interest rate (one year fixed interest rate) has gone down, and liquidity is now relatively abundant. However, financial institutions are generally reluctant to lend, the local governments are unwilling to act, and the fact that liquidity released by the central bank cannot be effectively transmitted to the real economy is leading to a contraction of credit and higher financing costs for private enterprises. Meanwhile, the downturn in the internal economic cycle has been exacerbated by the external shocks caused by frictions in Sino-US trade, and this set of circumstances has contributed to the polarization of expectations regarding China''s real economic prospects and policy trends, as seen, for example, in the questions and discussions about policy trends relevant to the private economy. Indeed, one might claim that the current confusion of expectations even exceeds that of 2008, when the international financial crisis breaks out. From a dialectical perspective, the more pessimistic expectation of economic trend, the easier it is to build consensus on reform, and the more remarkable actual effects of reform, which must be based on a comprehensive understanding of the phased characteristics of China’s economic development.  

In this book, based on the experience working in central bank of China, the author argues that China’s policy should focus on internal demand. In the coming period, China needs to persevere in the market orientation, step up reform and opening up, and create a favorable business environment. This book represents the following opinions: First, to reach a common understanding of the medium and high economic growth, and avoid the dream of high growth. Second, to stick to supply-side structural reform, accelerate economic transformation and structural adjustment, andfurther unleash the reform dividends and growth potential. The long-term and structural problems cannot be attributed to short-term and cyclical problems. Third, the challenges of external shocks could be also regarded as opportunities, which include but not limited to accelerate reform to improve property rights protection, state-owned capital management, corporate governance, income distribution, and social security. Fourth, whenever the trade friction happens, a multilateral framework is always helpful.