China's capital markets : challenges from WTO membership

Author(s)

• Chan, Kam C.
• Fung, Hung-gay
• Liu, Qingfeng "Wilson"

Bibliographic Information

China's capital markets : challenges from WTO membership

edited by Kam C. Chan, Hung-gay Fung and Qingfeng 'Wilson' Liu

（Advances in Chinese economic studies）

E. Elgar, c2007

Note

Includes bibliographical references and index

Description and Table of Contents

Description

China's accession agreements to the World Trade Organization promised to open up the financial sector to foreign competition by the end of 2006, affording a wealth of opportunities for domestic and international investors. However, there also exist inherent risks and challenges, including inefficient financial markets, inadequate and fast-changing regulations, excessive governmental influence, and lack of transparency in accounting and corporate governance. The contributors to this book explore these perplexing and intertwined issues as they systematically document and analyze the capital market's development in association with the banking system and legal framework. 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 continued development of the economy. The contributors present research on all facets of China's markets including: stock and bond markets; futures and over-the-counter markets; regulatory issues; and the development and roles of financial institutions such as brokerage firms, banks and insurance companies. Also addressed are the recent performance of equity markets, the emergence of small and medium enterprises, and the state banks' bids to be listed in overseas stock exchanges. Taken together, the book sheds a welcome light on China's overall economic growth. This comprehensive look at the future of China's economy will be of great value to students and scholars of China. Investors and policymakers will also find it of great practical use.

Table of Contents

Contents: Preface Introduction: Development and Challenges of Chinese Financial Markets Kam C. Chan, Hung-gay Fung and Qingfeng 'Wilson' Liu PART I: FINANCIAL MARKETS 1. Chinese Stock Market: Perspectives in Institutional Structure, Regulations and Performance Kam C. Chan, Hung-gay Fung and Julia S. Kwok 2. Bond Markets: Introduction and Analysis Hung-gay Fung, Ying Han and Qingfeng 'Wilson' Liu 3. Futures Markets Jot Yau 4. The Small- and Medium-Enterprise Stock Market Hung-gay Fung and Qingfeng 'Wilson' Liu PART II: BANKING, INSURANCE AND FOREIGN EXCHANGE MARKETS 5. The Banking System - Development and Current Issues Hung-gay Fung and Qingfeng 'Wilson' Liu 6. Investment Banking in China: Past, Present and Future Alan V.S. Douglas and Alan Guoming Huang 7. China's Insurance Market: Challenges and Opportunities Hung-gay Fung, Fei Liu and Yanda Xu 8. China's Foreign Exchange Market Gaiyan Zhang PART III: REGULATORY AND OTHER ISSUES 9. China's Qualified Foreign Institutional Investor and Qualified Domestic Institutional Investor Programs Hung-gay Fung and Qingfeng 'Wilson' Liu 10. A Primer on the Securities Investment Fund Industry in China Xiaoqing Xu 11. Overseas Listing of Chinese Companies Congsheng Wu 12. Privatization, Corporate Structure, Market Transparency and Capital Markets Kam C. Chan, Hung-gay Fung and Qingfeng 'Wilson' Liu 13. Chinese Financial Markets: Regulators and Current Laws Mary Ip Index

by "Nielsen BookData"

• NCID: BA81493509
• ISBN:
  • 9781845426569
• LCCN: 2006021898
• Country Code: uk
• Title Language Code: eng
• Text Language Code: eng
• Place of Publication: Cheltenham
• Pages/Volumes: xii, 344 p.
• Size: 24 cm
• Classification:
  • LCC : HG187.C6
  • DC22 : 332/.04150951
• Subject Headings:
  • LCSH : Finance -- China
  • LCSH : World Trade Organization -- China
• Parent Bibliography ID:
  • BA59395173