Liu Xiliang,co-author of the book, One Century of History of Chinese Financial Thoughts & Theories, made a speech at the ceremony held for granting the Sun Yefang Financial Innovation Awards in Beijing on July 3, 2016. [Photo provided to chinadaily.com.cn]

In addition, one book and two Chinese papers also won the award.

The book, One Century of History of Chinese Financial Thoughts & Theories, is a compilation of the stories of more than 90 Chinese who have contributed to China's financial studies in the past 100 years, starting with Sun Yat-sen.

Co-author Liu Xiliang said the book originated from their recognition that when reviewing economic literature review, students could only cite Western thoughts, as published Chinese thoughts on the subject had been rare.

"The book took us eight years but even after the publication and winning this award, we are still worried, as it was really hard to be objective in deciding who was be selected and in judging on their contributions," Liu said in his speech.

He said their work might only be a first step to the study of China's financial theoretical history as it has provided something to be examined and criticized.