Publishing Notes

This research report is the 22nd annual China Capital Market Research Report，which is composed by experts from FSI research team and headed by Professor Wu Xiaoqiu—director of the Finance and Securities Institute （FSI）．Also，it was submitted to “the 22nd （2018）China Capital Market Forum” as the keynote report，which was hold by Renmin University of China on January 13，2018．

Professor Wu Xiaoqiu organized the writing of the report，read the core contents after the completion of the writing and finalized the last version with certain necessary amendments． Professor Zhao Xijun reviewed the English version and put forward some constructive suggestions．

This research report received substantial supports from the Social Science Department of the Ministry of Education． The serial China Capital Market Research Reports， which are composed by FSI research team and headed by Professor Wu Xiaoqiu，have been selected as a sponsorship project in Philosophy and Social Science Research （Development）by the Ministry of Education since 2011． Also，this research report obtained enormous assistance from Xinyuan Real Estate Co． Ltd．， Huarong Securities Co． Ltd．， Chongyang Institute for Financial Studies and China Renmin University Press． We would like to thank the institutions mentioned above．

This research report reflects the main opinion of the chief author，Professor Wu Xiaoqiu，as well as FSI on the reform and development of China's bond market．