China S Emerging Capital Markets

Author : James R. Barth,John A. Tatom,Glenn Yago
Publisher : Springer Science & Business Media
Page : 661 pages
File Size : 43,8 Mb
Release : 2009-12-02
Category : Business & Economics
ISBN : 9780387937694

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China's Emerging Financial Markets by James R. Barth,John A. Tatom,Glenn Yago Pdf

China’s emerging financial markets reflect the usual contrast between the country’s measured approach toward policy, regulatory, and market reform, and the dynamic pace of rapid economic growth and development. But they also offer unusual challenges and opportunities. In the past five years, the pace of opening and reform has accelerated sharply. Recapitalization and partial privatization of the largest banks, and the allowance of some joint venture and branch operations for foreign financial institutions, are making rapid headway in developing and expanding financial services and improving access to domestic business and households. This book provides the most extensive look available at the evolving Chinese financial system. It begins with alternative perspectives on the evolution of the financial system and the broad outlines of its prospects and potential contribution to economic growth. Three articles review broad aspects of the financial system. Franklin Allen, Jun ‘‘QJ’’ Qian, Meijun Qian, and Mengxin Zhao lead off with overviews of the banking system and performance of the equity market and other institutions.

Author : Anjali Kumar
Publisher : Unknown
Page : 350 pages
File Size : 52,9 Mb
Release : 1997
Category : Capital market
ISBN : STANFORD:36105061798224

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China's Emerging Capital Markets by Anjali Kumar Pdf

Author : Salih N. Neftci,Michelle Yuan Menager-Xu
Publisher : Elsevier
Page : 505 pages
File Size : 42,7 Mb
Release : 2007
Category : Business & Economics
ISBN : 9780120885800

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China's Financial Markets by Salih N. Neftci,Michelle Yuan Menager-Xu Pdf

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Author : Ken Morita
Publisher : World Scientific
Page : 352 pages
File Size : 49,9 Mb
Release : 2017-03-17
Category : Political Science
ISBN : 9789813148123

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Emerging Capital Markets And Transition In Contemporary China by Ken Morita Pdf

This book provides the analysis on capital markets in China, focusing attention upon (1) the bubble phenomena (whether or not a Chinese bubble really exists and might burst), (2) foreign direct investment and (3) integration, through all of which we could recognize the current situation and the future prospects of Chinese marketization. As regards to the bubble phenomena, particularly 'early warning indicator' of the bubble, this book attempts to utilize the Grubbs-Smirnov Test to discover the 'abnormal value' in several asset markets. Investigations of this book suggest that the distinctive features of the Chinese market have been significantly different from the markets of capitalist countries such as the United States and Japan. As far as Japan's foreign direct investments in China are concerned, this book tries to reveal the Chinese characteristics on FDI phenomena with FDI-trade ratio. The analysis of this book suggests that Chinese FDI from Japan has undoubtedly revealed the distortions caused by non-economic factors, which also mean that the distinctive features of the Chinese market have been different from the markets of the United States and Japan etc. Regarding integration, this book provides the analysis on the 'G2' system between the United States and China (cooperation or conflict between them). The considerations of this book conclude that it might be difficult to have good cooperation between them because of significant differences between the Chinese system and the US system.

Author : Martha Avery,Min Zhu,Jinqing Cai
Publisher : John Wiley & Sons
Page : 668 pages
File Size : 43,9 Mb
Release : 2011-12-22
Category : Business & Economics
ISBN : 9781118179024

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China's Emerging Financial Markets by Martha Avery,Min Zhu,Jinqing Cai Pdf

"The 19th century belonged to England, the 20th century belonged to the US and the 21st century belongs to China. Invest accordingly." Warren Buffet This comprehensive resource presents the views of China's most highly respected economists, bankers, and policy makers--along with opinions from Western authorities--on the current state of banking and finance in China. Tracing the history of China's banking and finance system and looking toward its future, the book offers valuable insight for financial service providers, bankers, private equity and hedge fund managers, and equity research and credit analysts. Contributors to the book includes: Jamie Dimon — Chairman & CEO, JPMorgan Chase Bank Guo Shuqing — Chairman, China Construction Bank Paul Volcker — Former Chairman, U.S. Federal Reserve Stephen S. Roach — Chairman, Morgan Stanley Asia Wang Dongming — Chairman, CITIC Securities Co., Ltd; and many more!

Author : Chris Adcock,Douglas Cumming,Alessandra Guariglia,Wenxuan Hou
Publisher : Taylor & Francis
Page : 336 pages
File Size : 44,8 Mb
Release : 2020-12-17
Category : Business & Economics
ISBN : 9781000217001

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The Chinese Capital Markets by Chris Adcock,Douglas Cumming,Alessandra Guariglia,Wenxuan Hou Pdf

In the past China’s capital market featured prevalent state ownership and a weak legal environment. It has, however, achieved very substantial development in the past two decades. China has surpassed Japan as the world’s second-largest stock market and has also emerged as a leading player in green bonds and Fintech markets. The chapters in this book provide insights on Chinese listed firms and advance the understanding of China’s unique institutions. Some important questions are covered including the governance role of foreign investors in partially privatized firms, the financial implications of political connections, the "Chinese model" of commercial banks and regulatory reforms that promote the marketization of the stock markets, among others. These studies have important implications for other emerging economies, on the recent China-US trade conflicts and about the Trump administration's complaints about the role of the Chinese government in capital markets. This book selectively includes the most influential articles from two special issues of The European Journal of Finance, which were based on selections of papers presented at a series of conferences on the Chinese Capital Markets.

Author : Xuebin Chen,Ronald W Anderson
Publisher : World Scientific
Page : 778 pages
File Size : 40,5 Mb
Release : 2024-01-23
Category : Business & Economics
ISBN : 9789811280375

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Chinese Debt Capital Markets: An Emerging Global Market With Chinese Characteristics by Xuebin Chen,Ronald W Anderson Pdf

With the deepening of China's reform and opening up, and the sustained development of the Chinese economy, the Chinese bond market has become an important player in the global bond market. As at the end of 2022, the custodial balance of the Chinese bond market reached RMB14.48 trillion, ranking second in the world and the largest bond market in Asia. As a maturing emerging market in the world, the Chinese bond market not only follows the general rules of global bond markets, but also has some of its own characteristics. To make effective investments and financing in this market, a comprehensive and profound understanding of the market is required.This book is the result of a joint research project 'Function, Structure, and Development of China's Debt Capital Market,' supported by the China National Natural Science Foundation and the Economic and Social Research Council of the United Kingdom. It includes contributions by professors, associate professors, and postgraduates from Fudan University and the London School of Economics. From the perspectives of institutional framework, market functions, market structure, and market development, the book provides a systematic and in-depth analysis and exploration of the macro-effects, microstructure, local government bond market, corporate bond market, debt derivatives market, and market supervision and regulation of the Chinese credit bond market. It is an important reference for international investors and researchers to gain a deep understanding of the evolution of the fundamental institutional framework, structure, and functions of the Chinese credit bond market.

Author : James R. Barth,John A. Tatom,Glenn Yago
Publisher : Springer
Page : 658 pages
File Size : 55,8 Mb
Release : 2009-10-06
Category : Business & Economics
ISBN : 0387939156

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China's Emerging Financial Markets by James R. Barth,John A. Tatom,Glenn Yago Pdf

China’s emerging financial markets reflect the usual contrast between the country’s measured approach toward policy, regulatory, and market reform, and the dynamic pace of rapid economic growth and development. But they also offer unusual challenges and opportunities. In the past five years, the pace of opening and reform has accelerated sharply. Recapitalization and partial privatization of the largest banks, and the allowance of some joint venture and branch operations for foreign financial institutions, are making rapid headway in developing and expanding financial services and improving access to domestic business and households. This book provides the most extensive look available at the evolving Chinese financial system. It begins with alternative perspectives on the evolution of the financial system and the broad outlines of its prospects and potential contribution to economic growth. Three articles review broad aspects of the financial system. Franklin Allen, Jun ‘‘QJ’’ Qian, Meijun Qian, and Mengxin Zhao lead off with overviews of the banking system and performance of the equity market and other institutions.

Author : Wu Xiaoqiu
Publisher : John Wiley & Sons
Page : 576 pages
File Size : 47,6 Mb
Release : 2014-10-27
Category : Business & Economics
ISBN : 9781118991503

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Chinese Securities Companies by Wu Xiaoqiu Pdf

At the turn of this century, China's capital market entered a new era. Since then, the continuously fast growth and rising income levels in China have led to significant change in the market's financial structure. Increasingly active financial investments that are becoming more market-oriented and individual demand for financial services have brought about increasing need for diversity, securitization and portfolio management services. Meanwhile, securities companies in China, as the major providers of financial services in the capital market, are going through a period of significant opportu.

Author : Mei Xia,Jian Hai Lin,Philip D. Grub
Publisher : Praeger
Page : 208 pages
File Size : 48,7 Mb
Release : 1992-09-30
Category : Business & Economics
ISBN : UOM:39015028427238

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The Re-Emerging Securities Market in China by Mei Xia,Jian Hai Lin,Philip D. Grub Pdf

This unique book examines the re-emergence of a securities market in the People's Republic of China, providing a comprehensive analysis of the market forces that are transforming China's centrally planned economy. The authors provide answers to the key issues such as: Why did a securities market develop in China? How do market practices compare with those in other countries? What are the major difficulties encountered in the development process of the securities market, and what growth potential does the Chinese securities market have? Based on Dr. Xia's comprehensive survey of officials at Chinese securities issuing companies, government policy agencies, and stock exchange centers, the authors offer a comprehensive report on the investment climate in China and its future. After reviewing briefly the emerging securities markets of other developing countries and the impact of the international debt crisis, the authors examine the economic reforms in China and their impact on China's business climate. An in-depth discussion of financial sector developments, the regulatory framework and scope of the securities market, and a profile of market participants precedes a comprehensive examination of the type and nature of bond and stock issuing activities. The operations of securities trading centers, including secondary markets and, in particular, the Shanghai Exchange, is explained in detail with the conclusion offering unique insights into the development prospects of these markets. Essential to all investors in China, this book is also an important source of information for academics, researchers, and business executives.

Author : Mr.Serkan Arslanalp,Wei Liao,Shi Piao,MissDulani Seneviratne
Publisher : International Monetary Fund
Page : 37 pages
File Size : 47,7 Mb
Release : 2016-08-12
Category : Business & Economics
ISBN : 9781475525137

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China’s Growing Influence on Asian Financial Markets by Mr.Serkan Arslanalp,Wei Liao,Shi Piao,MissDulani Seneviratne Pdf

This paper finds that financial spillovers from China to regional markets are on the rise. The main transmission channel appears to be trade linkages, although direct financial linkages are playing an increasing role. Without an impact on global risk premiums, China’s influence on regional markets is not yet to the level of the United States, but comparable to that of Japan. If China-related shocks are coupled with a rise in global risk premiums, as in August 2015 and January 2016, spillovers to the region could be significantly larger. Over the medium term, China’s financial spillovers could rise further with tighter financial linkages with the region, including through the ongoing internationalization of the renminbi and China’s capital account liberalization.

Author : D. Cumming,A. Guariglia,W. Hou,E. Lee
Publisher : Springer
Page : 194 pages
File Size : 54,9 Mb
Release : 2013-10-24
Category : Business & Economics
ISBN : 9781137341570

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Developing China's Capital Market by D. Cumming,A. Guariglia,W. Hou,E. Lee Pdf

China is an increasingly influential emerging economy that is currently attracting the attention of academics, practitioners, and policy makers. This book is a collection of cutting edge research findings on issues relating to the experiences and challenges of China's capital market development.

Author : Peter Enderwick
Publisher : Routledge
Page : 262 pages
File Size : 43,9 Mb
Release : 2012-08-21
Category : Business & Economics
ISBN : 9781134197859

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Understanding Emerging Markets by Peter Enderwick Pdf

Emerging markets (Ems) are the focus of increasing interest in the field of international business, as they provide significant challenges and great opportunities. Focusing on the dynamics of emerging markets, this informative book provides an academically rigorous yet business-oriented analysis of the key issues in this area and incorporates chapters on: the nature of emerging markets market development integrating Ems in the global economy implications for business strategy. Providing an in-depth analysis of two of the most important Ems, China and India, this user-friendly text incorporates extensive case studies, boxed summaries, discussion questions and an extensive bibliography.

Author : Douglas Cumming,Alessandra Guariglia,Wenxuan Hou,Edward Lee
Publisher : Springer
Page : 203 pages
File Size : 54,7 Mb
Release : 2015-07-28
Category : Business & Economics
ISBN : 9781137454638

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Experiences and Challenges in the Development of the Chinese Capital Market by Douglas Cumming,Alessandra Guariglia,Wenxuan Hou,Edward Lee Pdf

The focus of the global economy has increasingly shifted toward China and emerging countries. However, despite their high growth prospects, emerging economies often lack the sound capital market and corporate governance systems necessary to promote the efficient allocation of financial resources to maintain the confidence of capital providers. As China becomes more prominent economically, the development of its capital market becomes an increasingly important issue. This book presents some of the latest academic research on China's capital markets, demonstrating some of the major issues currently being faced. Preeminent researchers in the field examine key topics such as the performance of commercial banks, dividends and ownership, financial constraints and firm performance, the role of political networks, stock price decomposition, stock return predictability, and the role of media coverage. In this book, the authors use the country's institutional background to offer useful insight into policy implications for the development of China as well as other emerging economies.

Author : Fraser J. T. Howie
Publisher : John Wiley & Sons
Page : 285 pages
File Size : 52,6 Mb
Release : 2011-12-19
Category : Business & Economics
ISBN : 9781118179451

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Privatizing China by Fraser J. T. Howie Pdf

PRIVATIZING CHINA INSIDE CHINA'S STOCK MARKETS In more depth than any other, this highly readable book lays bare why China's capital markets have fallen so far short of their promise. It is required reading for anyone seeking to understand the realities and the future of an extraordinary economic transformation. - James Kynge, Former Beijing Bureau Chief, Financial Times, Author, China Shakes the World Carl Walter and Fraser Howie bring together a wealth of experience to this complex and deeply important topic. Their book contains a mine of invaluable quantitative and qualitative information as well as an incredible depth of knowledge. It is essential reading for anyone investing in companies from mainland China. - Professor Peter Nolan, Judge Institute of Management Studies, University of Cambridge Privatizing China is essential for anyone who wants to understand China's companies and stock markets. no one should invest in China without reading it. - Arthur Kroeber, Managing Editor, China Economic Quarterly Carl Walter and Fraser Howie combine a deep knowledge of China and finance to provide an unflinching perspective on the country's effort to build functioning capital markets. China may have wowed the world with its high-speed economic growth and manufacturing prowess, but this book is compelling evidence that Beijing's mastery of the universe does not yet extend to the stock market. - Richard MacGregor, beijing Correspodent, FinancialTimes This book will answer many people's questions regarding SOEs and the stock market. I think it is destined to become the standard reference work on the subject. - Jean C. Oi, Director, Center for East Asian Studies, Stanford University