This book aims to analyze the financial reforms in China from an institutional view which is in fact a crucial theme to ensure the stability of reforms and growth in this emerging economy.After the Introduction which will make a brief review of the literature and a presentation of financial development， Chapter 1 will try to demystify the finance-growth ‘puzzle’ and the inefficiency of Chinese financial system in setting forth the Adaptive Efficiency and the rate of financial repression in China.Chapter 2 will analyze the financial institutions’ reforms in China， from banking system reforms to credit system reforms in focusing on governmental efforts for the accession to the WTO ; the non-performing loans， State-Owned Enterprises (SOEs) and Banks (SOBs) and the opening to foreign competition have also been expatiated.Finally， this book concludes in advancing policy recommendations without forgetting to mention the further research.