Stephen Green is the Head of the Asia Programme at the Royal Institute of International Affairs (www.riia.org). He was educated at Cambridge University, the London School of Economics and Political Science and Fudan University in Shanghai. He is the author of China’s Stockmarket: A Guide to its Progress, Players and Prospects (Profile Books/The Economist, 2003) and China’s Stock Market Development, 1984–2002: Equity Politics and Market Institutions (RoutledgeCurzon, forthcoming 2004).