ABSTRACT
This chapter provides a deeper understanding and explanation of the theory and practice of the Chinese-based Finance-in-Society Model (FISM) and illustrates the investigation required for its further development. The FISM is a general theory which is relevant to all Chinese societies, while in practice its application may vary according to different contextual elements of history, economy, society, philosophy and psychology. The FISM holds out the possibility of achieving better financial stability and sustainability for humankind. As far as Catalyst Foundation is concerned, with it being a participatory action research (PAR) project of the FISM, it aims to continue to develop throughout China and probably worldwide at a later stage. The Chinese Government gave priority to fighting rising inflation in the first half of 2008 over the possible financial crash and economic recession triggered by the sub-prime mortgage market.
