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Record Nr. |
UNINA9910141302103321 |
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Autore |
Walter Carl E. <1947-> |
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Titolo |
Privatizing China [[electronic resource] ] : inside China's stock markets / / Carl E. Walter and Fraser J.T. Howie |
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Pubbl/distr/stampa |
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Singapore ; ; Hoboken, N.J., : John Wiley & Sons (Asia) Pte Ltd., c2006 |
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ISBN |
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1-118-17945-5 |
1-119-20776-2 |
1-282-13451-5 |
9786613807090 |
1-118-17943-9 |
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Edizione |
[2nd ed.] |
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Descrizione fisica |
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1 online resource (377 p.) |
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Altri autori (Persone) |
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Disciplina |
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Soggetti |
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Stock exchanges - China |
Stocks - China |
Electronic books. |
China Economic conditions 2000- |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Description based upon print version of record. |
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Nota di bibliografia |
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Includes bibliographical references (p. 323-326) and index. |
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Nota di contenuto |
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PRIVATIZING CHINA; Contents; Preface; List of Abbreviations; Chronology; 1. "You're None of Those!"; 2. How China's Stock Markets Came to Be; The evolution of the Shenzhen and Shanghai securities markets; Original structure of the Shanghai and Shenzhen exchanges; The Stock Exchange Executive Council and the electronic markets (STAQ and NETS); The regional trading centers; The auction houses; The Third Board; 3. Who Minds the Fox: The Regulators; The PBOC: Market player or market regulator?; Building the CSRC; The internationalization of the CSRC |
The Stock Exchange of Hong Kong goes to the topThe CSRC's domestic struggle; Regulatory philosophy; The CSRC takes the initiative, 2000-02; 4. Defining Ownership: Share Types; Shares of what?; The 1992 Standard Opinion; The 1994 Company Law; Listed company shares; The 1999 Securities Law; 5. Packaging SOEs: Restructuring and Listing; Evolution of Chinese corporate law; How to "package" an SOE; Corporate restructuring for international listing; 6. The Fortunate Few: |
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Listed Companies; Who decides who lists?; International pricing; A share pricing; Analysis of listed companies |
A note on private companies7. Where Have All the (Retail) Investors Gone?; How many investors?; Who are China's investors?; 8. Sliced and Diced: China's Segmented Stock Markets; Segmented markets; Is there a company value?; Economic inefficiencies of segmented markets; Circles of ownership; Privatization with Chinese characteristics; 9. Searching for the Big Fix, 2001-05; Trying to merge the segmented markets; The character of the market in the new century; Coming up with the Big Fix; The terms of the debate about state shares; The securities industry debacle |
10. How CSRC Sought to Merge the Markets: the G Company ReformSASAC: defender of state property rights; The CSRC's "Final Fix"; Pilot cases of the new policy; Warrants and SASAC's champion: BaoSteel; 11. Foreign Investors in China's Stock Market; All about QFII; How is QFII being used?; QFII investment allocation; Does QFII matter?; Foreign investment in non-tradable (then tradable) shares; 12. Bulls and Bears: Summing Up; China's bull markets, 1990-2001; The end of an era: China's Internet boom and bust, 2000-05; Taking the market's measure; A summing up; Appendices |
Appendix 1 : China's Red-Hot Primary MarketsAppendix 2 : Glossary of English/Chinese Securities Terminology; Endnotes; Select Bibliography; Index |
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Sommario/riassunto |
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PRIVATIZING CHINAINSIDE CHINA'S STOCK MARKETSIn 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 WorldCarl 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 qual |
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