1st Edition

The Development of China's Stockmarket, 1984-2002 Equity Politics and Market Institutions

By Stephen Green Copyright 2004
304 Pages
by Routledge

304 Pages
by Routledge

304 Pages
by Routledge

As China's government manages a transition away from the socialist plan, how does it build the regulatory institutions it needs to manage the new market economy? Without the correct institutions, laws and agencies that implement the laws in place, the remarkable growth witnessed in China over the last two decades will falter. Financial sector reform lies at the heart of China's economic... Read more

Part 1: Theoretical Considerations  1. Stock Market Regulation and Institutional Change in Reform China  2. Investors, Bureaucrats and the Institutions of the Chinese State  Part 2: Local Institutional Capture  3. Nascent Equity Markets and Local Institution Building, 1984-90  4. Institutional Capture by Local Leaders: Share Issuance and Other Problems, 1993-2000  5. Equity Developmentalism Unbound: The Capture of Secondary Market Institutions in Shenzhen and Shanghai, 1995-97  6. The Shanghai and Shenzhen Stock Exchanges: From Local Control to 'Sons of the CSRC'  7. Local Institution-Making and the Securities Trading Centres  8. Institutional Creation and Development: The China Securities Regulatory Commission  9. Incoherence at the Centre: The State Council Securities Commission and CSRC/PBoC Relations  10. Drafting the Securities Law: The Role of the National People's Congress in Creating Institutions  Part 3: Conclusions  11. Socialist Market Regulation  12. China's Stock Market and the Changing Policy Priorities of the State Council  13. Equity Politics and Market Institutions

Biography

Stephen Green is the Head of the Asia Programme at The Royal Institute of International Affairs at Chatham House, London.

'Stephen Green has written an intricately detailed and important book.' - The China Journal

'The book is required reading for anyone who wants to understand the growth of the equity or stock market in China.' - The China Journal