For some popular financial continuous-time models, tractable expressions of likelihood functions are unknown. For that reason, the maximum likelihood estimation method is infeasible. Fortunately, closed functional forms of conditional characteristic functions of some of these models are known....

China's economy has been growing rapidly since the late 1970s and is expected to maintain this momentum in the foreseeable future. Coupled with the biggest population in the world, there is tremendous growth potential for China's capital markets and financial services industry, both vital to the...