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OverviewChina'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. Full Product DetailsAuthor: Kam C. Chan , Hung-Gay Fung , Qingfeng ‘Wilson’ LiuPublisher: Edward Elgar Publishing Ltd Imprint: Edward Elgar Publishing Ltd Edition: illustrated edition ISBN: 9781845426569ISBN 10: 1845426568 Pages: 360 Publication Date: 27 March 2007 Audience: College/higher education , Undergraduate , Postgraduate, Research & Scholarly Format: Hardback Publisher's Status: Active Availability: To order  Stock availability from the supplier is unknown. We will order it for you and ship this item to you once it is received by us. Table of ContentsContents: 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 IndexReviews'This volume is well-structured, well-organized and well-written. The in-depth analysis is supported by concrete facts and observations. The book is recommended to academicians and market practitioners.' -- Maximo Eng, Journal of Emerging Markets 'This book is a welcome addition to Edward Elgar's series on the Chinese economy. It provides a wealth of information on the historical development and the current state of the Chinese financial system. Particularly useful for readers who do not have access to the original Chinese literature are the overviews of each market and the many detailed accounts of the historical development of markets and regulations.' -- Nicolaas Groenewold, Pacific Affairs `This volume is well-structured, well-organized and well-written. The in-depth analysis is supported by concrete facts and observations. The book is recommended to academicians and market practitioners.' -- Maximo Eng, Journal of Emerging Markets `This book is a welcome addition to Edward Elgar's series on the Chinese economy. It provides a wealth of information on the historical development and the current state of the Chinese financial system. Particularly useful for readers who do not have access to the original Chinese literature are the overviews of each market and the many detailed accounts of the historical development of markets and regulations.' -- Nicolaas Groenewold, Pacific Affairs Author InformationEdited by Kam C. Chan, Page Professor of Finance, Gordon Ford College of Business, Western Kentucky University, US, Hung-Gay Fung, Tsiang Chair Professor of Chinese Studies, College of Business Administration, University of Missouri, St Louis, US and Qingfeng ‘Wilson’ Liu, Assistant Professor of Finance, College of Business, James Madison University, US Tab Content 6Author Website:Countries AvailableAll regions |
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