The Chinese Capital Market

Author : Chris Adcock,Douglas Cumming,Alessandra Guariglia,Wenxuan Hou
Publisher : Taylor & Francis
Page : 336 pages
File Size : 53,8 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 : Yong Zhen
Publisher : Elsevier
Page : 298 pages
File Size : 46,7 Mb
Release : 2013-10-17
Category : Business & Economics
ISBN : 9781780633602

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China’s Capital Markets by Yong Zhen Pdf

Capital markets in China include stock, bond, futures and other derivatives, as well as the private equity market. China’s Capital Markets is the first book to systematically study China’s capital markets, examining its evolution, policies, reforms, current situation and challenges. Following an introduction to China’s capital markets and economic growth, the book moves on to cover further capital markets in China, including: the banking system, mergers and acquisitions, and valuation adjustment mechanisms, before concluding with a discussion of the opening up and internationalization of China’s capital markets. Provides an overall picture of China's capital markets including: policy analysis; case studies; investor strategies and behaviours; and suggestions for success in the markets Offers diverse perspectives, using rich data and analysis This is the first book to systematically study China’s capital markets

Author : Annette Kleinbrod
Publisher : Springer Science & Business Media
Page : 455 pages
File Size : 47,5 Mb
Release : 2008-03-12
Category : Business & Economics
ISBN : 9783835092600

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The Chinese Capital Market by Annette Kleinbrod Pdf

Annette Kleinbrod analyses the Chinese capital market and examines to what extent the stock and bond markets contribute to the financing of China's development. Her approach takes into account the relatively recent re-emergence of the stock and bond markets in China, the limited data available, and the country's current dynamics.

Author : Kam C. Chan,Hung-gay Fung,Qingfeng "Wilson". Liu
Publisher : Edward Elgar Publishing
Page : 368 pages
File Size : 51,9 Mb
Release : 2007-01-01
Category : Business & Economics
ISBN : 1847205313

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China's Capital Markets by Kam C. Chan,Hung-gay Fung,Qingfeng "Wilson". Liu Pdf

'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 : Jian Gao
Publisher : John Wiley & Sons
Page : 542 pages
File Size : 54,5 Mb
Release : 2011-08-31
Category : Business & Economics
ISBN : 9781118161074

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Debt Capital Markets in China by Jian Gao Pdf

An in-depth look at China’s burgeoning capital markets Author Jian Gao is the number one authority on fixed income markets in China, and with this book, he brings his considerable experience and knowledge about these markets to investors worldwide. For those interested in becoming active in China’s growing fixed income markets, Debt Capital Markets in China is the book you need to get started. It includes coverage of the primary and secondary markets, government debt instruments, corporate bonds, the collateralized bond market, and asset-backed securitizations. Debt Capital Markets in China also examines the developing market trends, which affect investors and institutions looking to make the most of this incredible financial opportunity. Dr. Jian Gao, PhD (Beijing, China) is the Vice Governor of China Development Bank (CDB).

Author : Erjie Cao
Publisher : Unknown
Page : 0 pages
File Size : 50,6 Mb
Release : 2014
Category : Capital market
ISBN : 1623200040

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The Capital Market in China by Erjie Cao Pdf

How will China's latest series of reforms affect the country's growing Capital Market?The Capital Market in China: A 60-Year Review, in 3 volumes, serves as the definitive resource on understanding and navigating China's capital market. Both a history and a guide, the 3 volumes of this set explain the methods of state investment and intervention in China, the development of asset-backed securities, and the substantial differences and striking similarities between the capital markets in China and the West.Cao Erjie, banking industry expert and former Investment Investigator at China Construction Bank, shares inside information and firsthand insights on the creation and evolution of the capital market in China.The Capital Market in China: A 60-Year Review offers a frank assessment of the state of the industry and:Explains the methods of asset depreciation and fixed-asset upgrading in ChinaExamines corporate mergers and acquisitions in ChinaReveals the progression of China's venture capital fundsIllustrates equity and bond financing in ChinaDetails shareholding reform and enterprise asset restructuring in ChinaProvides real examples of how the capital market works in China

Author : Jiazhuo G. Wang,Juan Yang
Publisher : Springer Science & Business Media
Page : 148 pages
File Size : 45,7 Mb
Release : 2014-01-13
Category : Business & Economics
ISBN : 9783642449130

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Who Gets Funds from China’s Capital Market? by Jiazhuo G. Wang,Juan Yang Pdf

The subject of this book is an analysis of the business models developed or adopted by Chinese small and medium sized enterprises (SMEs), specifically those that are successfully listed on China’s capital market; in other words, it is a dissection of those Chinese business models that have “worked.” In China, there are over 10 million companies that are registered with China’s State Industrial and Commercial Administration and over 40 million unregistered businesses. Among them, only about 1,000 companies became successfully listed on China’s capital market and were able to obtain public funds from equity investors. This book takes a look at who these “lucky ones” were and what business models led to their success in a highly competitive Chinese market, investigations that will certainly be of interest to both Chinese and international readerships. In addition, this book provides a nuanced and micro view of the Chinese economy. As China’s economy increasingly receives attention worldwide, the amount of research and publications on China’s economy is also growing exponentially. However, the majority of these studies only focus on the macro level of the Chinese economy and aggregate variables such as GDP, growth rate, inflation, etc., while little research has been done at a micro and company level to analyze the Chinese economy. Thus, this book’s focus on the case studies of representative firms may help fill some gaps in the study of business and the economy in China. Furthermore, this book hopes to dispel certain misconceptions about the nature of the Chinese economy. There is currently a stereotypical view about Chinese economy, for example that China, as the workshop of the world, primarily produces low-end products with low prices to be sold in other countries by budget retailers like Wal-Mart or dollar stores. While that is true to some extent, it is certainly not the whole story. The companies analyzed in this book cover a wide spectrum of industries including modern agriculture, alternative energy, resources recycling, mobile games, animation, luxury products, supply chain management, filmmaking and TV series production, displaying to readers the brand-new industrial structure of Chinese companies in the 21st century.

Author : Douglas J. Cumming
Publisher : Unknown
Page : 11 pages
File Size : 50,5 Mb
Release : 2019
Category : Electronic
ISBN : OCLC:1304256462

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Chinese Capital Markets by Douglas J. Cumming Pdf

Eight years ago, The European Journal of Finance (EJF) published the first special issue on the Chinese Capital Markets. This was at a time when Chinese topics were not widely accepted by internationally excellent finance journals. Since then, The European Journal of Finance had published four special issues both containing and encouraging studies that reveal the unique institutions of China. This editorial summarises the articles included in this 5th CCM special issue and discusses a series of legislative and regulatory changes, which has strengthened the role of the Chinese Communist Party in the economy and society under the “Party leads everything” doctrine. We encourage future studies to examine their implications on finance and economics and believe that the results of such studies will be helpful for the CPC and the Chinese Government to shape future policies to ensure sustainable development.

Author : Wu Xiaoqiu
Publisher : John Wiley & Sons
Page : 576 pages
File Size : 42,7 Mb
Release : 2014-09-24
Category : Business & Economics
ISBN : 9781118991510

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Chinese Securities Companies by Wu Xiaoqiu Pdf

Extraordinary opportunities for China's major financial services providers Over the past three decades, China has attained and solidified its position as the world's second-largest economy. There is now an enormous demand for Chinese financial services, especially those related to securities. Chinese Securities Companies is essential reading for anyone involved in Chinese capital markets, because this is a situation that has never been seen before. Management, profit structure, sponsor systems, reform potential—all have unique elements in China, and all are analyzed in depth in this book. Chinese securities expert Wu Xiaoqiu has developed an influential model for understanding China's capital markets in their historical perspective and creating success in this high-demand industry. Read Chinese Securities Companies to understand the four things firms must do in order to exceed the accomplishments of giants like CITIC Securities: Create international vision Develop innovative talent Establish solid capital power Engage in rigorous risk management Using this formula, developed with the aid of research from Moody's, along with a robust historical perspective, Wu Xiaoqiu has written an essential text for anyone involved in global financial services.

Author : D. Cumming,A. Guariglia,W. Hou,E. Lee
Publisher : Springer
Page : 194 pages
File Size : 54,8 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 : Yebi Hu
Publisher : Coronet Books
Page : 196 pages
File Size : 49,8 Mb
Release : 1993
Category : Capital market
ISBN : UCSD:31822021120431

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China's Capital Market by Yebi Hu Pdf

Author : Nicolaas Groenewold
Publisher : Edward Elgar Publishing
Page : 268 pages
File Size : 47,9 Mb
Release : 2004-01-01
Category : Business & Economics
ISBN : 1782541179

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The Chinese Stock Market by Nicolaas Groenewold Pdf

'. . . this book succeeds in its mission of analysing the efficiency, predictability and profitability of the Chinese stock market. It is strongly recommended to scholars. It is additionally recommended to practitioners involved in the market, sharing its prosperity and avoiding the possible risk. This book is also recommended to the students who want to learn the systematic application of econometric modelling to market efficiency analysis.' - Shiguang Ma, Economic Record The emergence of a stock market in China only occurred a decade ago and it remains something of an unknown quantity to many observers and traders outside of the country. This book provides an extensive historical and empirical analysis of the Chinese stock-market, the development of which is an integral part of the process of economic modernization that began in China in the late 1970s.

Author : Flora Xiao Huang,Horace Yeung
Publisher : Routledge
Page : 280 pages
File Size : 54,7 Mb
Release : 2013-10-30
Category : Social Science
ISBN : 9781134671045

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Chinese Companies and the Hong Kong Stock Market by Flora Xiao Huang,Horace Yeung Pdf

Listing by companies from one country on the stock market of another country is a device often used both to raise capital in, and to increase bonding with, the target country. This book examines the listing by Chinese companies on the Hong Kong stock market. It discusses the extent of the phenomenon, compares the two different regulatory regimes, and explores the motivations for the cross-listing. It argues that a key factor, in addition to raising capital and bonding with the Hong Kong market, is Chinese companies’ desire to encourage legal and regulatory reforms along Hong Kong lines in mainland China, in order to develop and open up China’s domestic capital markets.

Author : Douglas Cumming,Alessandra Guariglia,Wenxuan Hou,Edward Lee
Publisher : Springer
Page : 203 pages
File Size : 55,6 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 : S. Cheng,Z. Li
Publisher : Springer
Page : 417 pages
File Size : 49,9 Mb
Release : 2014-12-15
Category : Business & Economics
ISBN : 9781137391100

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The Chinese Stock Market Volume I by S. Cheng,Z. Li Pdf

Both quantitative and qualitative analysis is used to review China's stock market in a book containing the latest research on China's IPO market, the 2006-07 market bubble, the development of institutional investors, the stock index futures market, stock sector performance, corporate governance of listed firms and China's growth enterprise market.