Chinese Stock Markets: A Research Handbook by Dongwei Su

By Dongwei Su

The exponential progress of China’s inventory markets some time past decade has attracted international recognition from lecturers and practitioners. The practitioner’s curiosity in chinese language markets stems from companies; traders and monetary associations foresee colossal advantages from making an investment in China ultimately. even though, the educational literature at the improvement of securities markets and reform of nation businesses in China continues to be in its infancy and fragmented. This guide goals to bridge that hole by means of offering a large spectrum of analysis within the leading edge of economic functions. It integrates thought and perform with state of the art statistical ideas and offers a variety of insights into the most demanding situations confronting chinese language markets within the new millennium.

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State shareholders, in contrast, often don't have enough power. State shares are usually managed by the State Asset Management Bureau (SAMB), from its headquarters in Beijing or local offices. Their ultimate owner is the State Council. The SAMB passes dividends onto the Ministry of Finance, for inclusion in the national budget. It therefore lacks an important monetary incentive to supervise the firms it owns. Fifth, Chinese stock market is much more volatile than matured markets. For example, the Shanghai composite index is about 800 times as volatile as the NYSE composite index, and 400 times more volatile than Problems and Dilemmas 29 the Hong Kong Hang Seng index.

In the course of building channels for foreign investment in China through overseas listing of Chinese companies and development of B-share markets, international cooperation in terms of enforcement, information exchange, and mutual assistance have 42 Structural and Institutional Characteristics become an important field for both the CSRC and its overseas counterparts. C. Securities Law was passed by the Standing Committee of the National People's Congress. The law took effect on July 1, 1999. This is the first national securities law in mainland China, and it is divided into 12 chapters and 214 articles regulating, among other things, the issue and trading of securities, takeovers by listed companies, securities exchanges, securities companies and the duties and responsibilities of the State Council's securities regulatory authorities.

5 A n efficient operation of the present regulatory and enforcement system will, of course, rely on people who are running it. Proper regulation and enforcement is an "art" that all securities regulators must grasp.

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