• INTERNATIONAL FINANCE CASE

m INSTITUTIONS

- WORLD BANK

n PRC AS BIGGEST CUSTOMER

n IDA LOANS

n IMPACTS ON CHINA

* TECHNICAL ASSISTANCE

* NEW INSTITUTIONS

* COMPETITIVE BIDDING

* GROWTH OF EXPERTISE

- IMF

m CAPITAL MARKETS

- “...ONLY TRANSITION ECONOMY TO GAIN INVESTMENT GRADE CREDIT RATING ON ITS SOVEREIGN EXTERNAL DEBT”

- THREE GORGES CASE

- BANKING WEAKNESSES

- ENTRY INTO EQUITY MARKETS

- QUESTION OF INTEGRITY & DOMESTIC REGULATORY SYSTEM

m WTO ISSUES

- BANKS

- BROKERAGE

- INSURANCE

m IMPLICATIONS

- “...IN INTERN’L FINANCE, THE MARKET ITSELF, RATHER THAN A SERIES OF FORMAL AGREEMENTS, IS THE PRINCIPAL SOURCE OF NORMS OF BEHAVIOR”

- DEEPER INTEGRATION

- US LEVERAGE?

n WORLD BANK

n EX/IM

n WALL STREET