The economic opening and reform has transformed China's central-planned economy into a market-oriented one. A key component of the reform is the evolution of the financial system. As a result, the increasing competition, changing ownership structure, and implementation of various regulatory measures of the banking and financial system have a great impact on the overall economy. The current ebook of Managerial Finance is devoted to further understanding of some of the issues related to banking and finance in China. After a double blind review process, six papers are selected in this ebook, which are contributed by researchers from China, Finland, Italy, UK, and the US.