China's financial system is large, fast-changing, and difficult for an outsider to read with confidence. Inside China's Financial Markets is a working reference to how that system is built and how it actually operates, current to 2026: the regulators and the rules, the money and bond markets, equities and futures, the banks and insurers, the pension and asset-management industries, the cross-border channels, digital finance, and the machinery of risk resolution. Across twelve chapters it follows one through-line: how capital is raised, priced, allocated, and governed inside a managed system in transition. The figures and data tables are drawn from primary sources, the PBOC, the NFRA, the CSRC, the exchanges, and the official statistical record, and presented without spin. The aim is to hand you the architecture, so you can read the next policy move for yourself. What this book covers

Part I, The Architecture: Regulatory Architecture and Macro Context

Part II, Markets: Money Markets and the RMB; Bond Market and Sovereign Debt; Equity Markets; Futures & Derivatives

Part III, Institutions: Banking; Insurance; Pension Market & Silver Economy; Asset Management Industry

Part IV, Frontiers: Cross-Border Investment; Digital Finance; Financial Risk Management

Who it is for: Investors, analysts, bankers, lawyers, and policy researchers who need China's markets at the level of mechanism, not headline. Whether you allocate across Asia, advise on cross-border deals, or simply want to understand how the pieces fit together, this is a reference you will return to. A clear, current map of the system, so you can stop guessing at the headlines and read the structure for yourself.

Miles L. Y. Cross is a Fellow of the Association of Chartered Certified Accountants (ACCA), a member of the American Accounting Association, and a member of the American Finance Association. He holds an MBA and a Master of Science in Professional Accountancy.

He has spent his career moving between rooms that most people occupy separately. He began as a financial reporter at a global newswire, covering capital markets across Asia-Pacific, then moved into investment management at one of Asia's leading financial institutions. He later left to build his own cross-border practice in independent research, publishing, and private engagement, working with principals across jurisdictions where the rules, the relationships, the trust, and the consequences rarely travel together. His work spans North America, East Asia, Southeast Asia, the Middle East, and Europe.

He writes on China's financial markets for readers who need the architecture rather than the noise: portfolio managers, risk and compliance officers, analysts, and the international teams of Chinese institutions. His handbook sets out the system's multi-year arc, and his newsletter, Crossing Letters, reads each cycle of capital, technology, and China against it.

The through-line across his work stays the same: read the architecture under the story, and keep to signal over noise.