Finance and real estate that this book aims to analyse are two significant variables for the economic growth of an emerging economy like China during its four decades' reform and opening-up. Chapter One will analyze China's restructuring in finance: banking & credit system reforms, WTO-oriented reforms, among others — a thorny issue for Chinese State-owned banks and enterprises. Chapter Two will focus on China's restructuring in real estate. As a controversial sector in China, real estate is a pillar of growth but faces a risky bubble. In fact, different variables have contributed to the expansion of the Chinese housing market. Finally, policy recommendations will be advanced.