China's financial system and its legal reform have drawn a great deal of attention from around the world. This fast development is motivated by political, social, and economic factors. In addition, the continuing calls for establishing economic justice have contributed to further reforms of this system. Nevertheless, despites these rapid developments, the challenges and constraints are many; eg, the mismatch between the legal framework and financial development, inefficiency of the legal regime, difficulties in enforcing the law, and financial crimes. This collection uncovers the motivation, strength and strategy of these reforms, and examines their real impact in China.