The Chinese Capital Markets

China's capital market has developed significantly in the past two decades, becoming the second-largest stock market in the world and a leading player in green bonds and Fintech markets. This book provides insights on Chinese listed firms and explores important questions such as the governance role of foreign investors, the financial implications of political connections, and regulatory reforms. The studies have implications for other emerging economies, the China-US trade conflicts, and the Trump administration's concerns about the Chinese government's role in capital markets.

Format: Paperback / softback
Length: 326 pages
Publication date: 01 March 2022
Publisher: Taylor & Francis Ltd

In the past, China's capital market was characterized by predominant state ownership and a weak legal framework. However, over the past two decades, it has witnessed remarkable development. China has surpassed Japan to become the world's second-largest stock market and has also emerged as a prominent player in the green bonds and Fintech sectors. The chapters in this book offer valuable insights into Chinese listed firms and contribute to a better understanding of China's unique institutional landscape. Some key topics addressed include 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 aimed at promoting the marketization of stock markets. These studies hold significant implications for other emerging economies, particularly in light of the recent China-US trade conflicts and the Trump administration's concerns regarding the Chinese government's role in capital markets.

This book selectively encompasses the most influential articles from two special issues of The European Journal of Finance, which were curated based on papers presented at a series of conferences on the Chinese Capital Markets.

Dimension: 246 x 174 (mm)
ISBN-13: 9780367509231