The political logic of securities regulation in China

Research output: Chapters, Conference Papers, Creative and Literary Works (RGC: 12, 32, 41, 45)12_Chapter in an edited book (Author)peer-review

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Author(s)

Detail(s)

Original languageEnglish
Title of host publicationThe Development of the Chinese Legal System:
Subtitle of host publicationChange and challenges
EditorsGuanghua Yu
PublisherTaylor & Francis Group
Chapter10
Pages227-250
ISBN (Electronic)9780203837757, 0203837754
ISBN (Print)9780415594202, 9780415813457
Publication statusPublished - 2010
Externally publishedYes

Abstract

The development of the securities market in the People’s Republic of China (hereafter China or PRC) is truly a legend. No shareholding company existed in the PRC from the late 1950s to the early 1980s. A national securities market began to emerge only after 1993. In 1991, a year after the Shanghai Stock Exchange and Shenzhen Stock Exchange were established, there were only 14 listed companies in China, with total market capitalization of merely RMB10.9 billion yuan.1 By the end of 2009, 1718 companies were listed on the two stock exchanges, and the total market capitalization exceeded RMB24,393.9 billion yuan.2 In addition, 28 companies are listed on the ChiNext, China’s NASDAQ-like growth enterprise board (chuangyeban) opened on 23 October 2009.3 Today, the Chinese stock market, excluding Hong Kong, is the second largest in the world.4 Meantime, starting from scratch in the early 1990s, China has now established a very sophisticated national regulatory framework for governing the securities market.

Citation Format(s)

The political logic of securities regulation in China. / Wang, Jiangyu.

The Development of the Chinese Legal System: : Change and challenges. ed. / Guanghua Yu. Taylor & Francis Group, 2010. p. 227-250.

Research output: Chapters, Conference Papers, Creative and Literary Works (RGC: 12, 32, 41, 45)12_Chapter in an edited book (Author)peer-review