一个中国的标志性官员——国开行董事长陈元讲述“如何修改游戏规则，在政策性和市场化之间找到平衡”的探索与历程。

陈元等编著的《政府与市场之间：开发性金融的中国探索》分别从银证合作、国家战略、地区规划、国际市场等方面，记录了围绕开发性金融在这些领域运用的背景和重要事件，同时收入作者在重要节点发表的重要文章以及重要访谈，让读者了解了一个理论体系与实践结合不断完善的过程，也充分体现了作者“金融报国”的抱负。

《政府与市场之间：开发性金融的中国探索》以金融学家、国家开放银行董事长陈元的自述为主，全面记录陈元及国家开发银行创造性地运用开发性金融理论，为民生、国家发展解决问题的实践实录。

《政府与市场之间：开发性金融的中国探索》首次披露众多重大投资决策出台的过程，尤其是对彼时国内政策和国际局势的金融解读，角度独特，极具价值。所有事件串联起来就是中国近十几年金融发展和社会经济发展的缩影，一本书读懂中国特色的“政府与市场”。

《政府与市场之间：开发性金融的中国探索》从十个方面论述了开发性金融的实践探索，每个篇章都有决策纪实、理论与访谈三部分构成，全景解读开发性金融的实践过程，让读者重返金融现场。

《政府与市场之间：开发性金融的中国探索》分别从银证合作、国家战略、地区规划、国际市场等方面，记录了围绕开发性金融在这些领域运用的背景和重要事件，同时收入作者在重要节点发表的重要文章以及重要访谈，让读者了解了一个理论体系与实践结合不断完善的过程，也充分体现了作者“金融报国”的抱负。

Foreword Paul Keating  1

 Zhou Xiaochuan  3

 Andrew Sheng  5

Preface  7

Chapter 1 World-class Development Finance  11

Stepping Up to the Task  13

Tackling Credit Reform Head On  17

China's First Bank Restructuring  22

Building Markets and Rewriting Rules  25

Rising to the Top in Development Finance  28

In Theory

Development Finance, World-Class Performance  33

In the Press

Becoming a World-Class Bank  41

Chapter 2 Bank-Government Partnership: A New Norm  47

Breaking the Bank-Government Deadlock  49

The Yunnan Pilot  54

Banks and Government: Building Markets Together  58

A Broad Channel Between State and Market  62

In Theory

Development Finance as a Driver for Sustainable Development  66

Stronger Markets for a More Harmonious Society  84

In the Press

Development Finance: Paving the Way for Stronger Markets  92

Chapter 3 The Wuhu Model: Transforming China's Cities  97

Setting the Stage: Wuhu  99

"Bundling Out" the Bottlenecks  103

Urbanizing 800 Million  106

Tianjin: Reinventing a City  109

Ongoing Growth  111

The HBS Case Study  115

In Theory

Financing Urban Development  118

Development Finance and Urbanization  125

In Practice

From Farm to Factory: Tracing the Journey of Urbanization  134

Chapter 4 Strategic Planning for Smart Development  139

Case Study: The Liaoning Economic Corridor  142

Planning for Industrial Development  146

Planning for Rural Development  149

Planning for Social Development  151

Planning for Global Development  154

In Theory

The Role of Strategic Planning in Promoting Social and Economic Development  157

In Practice

Suzhou Industrial Park  173

Chapter 5 The Market Approach: In Pursuit of National Strategies  177

Building China's Bond Market  179

Paving the Way for Urban Development Finance  184

Regional Development: Western China  186

Regional Development: Northeast China  190

FuU-service Finance: A Bold New Endeavor  193

In Theory

The CDB Approach to Growth: Aligning with National Development Strategy  198

The Changing Role of Development Finance and Policy-based Lenders  211

In the Press

Unleashing the Power of Finance to Develop Western China  225

In Focus

CDB: 10 Firsts in China's Bond Market  230

Chapter 6 State Bank: Rebalancing the Chinese Economy  233

Indigenous Innovation: The Backbone of Domestic Industry  236

Going Green: Laying the Foundation for Scientific Development  240

Cap and Cultivate: Restructuring for Sustainable Growth  244

The Transformative Potential of Emerging Industries  246

Cultural Industry: Putting the Final Touches to Rebalancing  249

In Theory

Development Finance as a Seedbed for Scientific and Technological Innovation  253

A New Model of Economic Growth: The Role of Development Finance  261

Chapter 7 Financial Innovation Paving the Way for Rural Development  271

High Hopes from Policy Directive "Number 1 Document"  274

Ji County Model: Micro-lending to Farmers  277

Following Through: Boosting Our Commitment to Rural Development  282

In Theory

Building a New Countryside Through Development Finance  287

In the Press

Creating New Ways to Finance Agriculture  295

Chapter 8 Inclusive Finance: Driving Social Development  305

Community Finance: Putting People First  307

A Roof over Every Head: "Count CDB In!"  312

Student Loans: Ensuring Equity in Education  316

Small Loans, Big Impact  321

In Theory

Building Markets, Building a Better China  328

How Development Finance Can Strengthen Social Foundations  340

In Practice

Emergency Lending: Financial Help for Those Most in Need  348

Chapter 9 International Cooperation: A Model for Mutual Benefit  353

"Going Global Sure Beats Going Rural"  356

In Every Crisis, an Opportunity  359

Multilateral Cooperation: Making Everyone a Winner  362

"Don't Look at Where a Company Comes from; Look at Where It's Going."  367

Embracing Africa: Cementing Sino-African Friendship  372

In Theory

Going the Distance: In Pursuit of Robust, Long-term Financial Cooperation  377

Development Financing: Linking China with the World  382

In the Press

Interview: CDB Chairman Chen Yuan  394

CCTV Interview: Inter-BRICS Financial Cooperation  402

Chapter 10 Development Finance in Ascendance  407

Development Finance: At Every Juncture  409

From Weiming Lake to the Charles River  413

The Ascendancy of Development Finance  417

In Theory

Assessing the Global Economic Crisis  423

Chinese Economic Development in the Wake of the Global Economic Crisis  437

In Focus

China Council for the Promotion of Development Finance  466

Acknowledgements  469