Professor Xu Hongcai is Deputy Director of Information Department of China Center for International Economic Exchanges (CCIEE) and Visiting Scholar at Institute of Asian Research of University of British Columbia (IAR of UBC). He received his Ph.D. in economics in 1996 at the Chinese Academy of Social Sciences (CASS) and his M.A. in philosophy in 1993 at Renmin University of China. Prior to entry into CCIEE, he was a Professor in Finance at Capital University of Economics and Businesses (CUEB), Director of Center for Securities and Futures Research of CUEB, Senior Vice President of Beijing Venture Capital Co., Ltd., General Manager of Shanghai Branch of GuangFa Securities Co., Ltd., an Official of People's Bank of China, as well as an Engineer for China Petro-Chemical Group. His main books include: Wages, Exchanges, Rate and Surplus: Rebalancing Path Selection for China's Economy (2011), textbook on Futures Market (2011, 2008), The Financial Strategies of China ( 2010), Research on the System and Supervision of Chinese Multilayer Market (2009), Study on China's Property Right Exchange (2005), Venture Capital and OTC Market (2001), China's Financial Markets (2000), Investment Fund and Financial Development (1997), textbook on Investment Banking (2005, 2002, 1999, 1997), and Encyclopedia of Investment Fund Operation (1996).