Stephen Green - The Development of Chinas Stockmarket, 1984-2002: Equity Politics and Market Institutions

As Chinas government manages a transition away from the socialist plan, how does it build the regulatory institutions it needs to manage the new market economy? Without the correct institutions, laws and agencies that implement the laws in place, the remarkable growth witnessed in China over the last two decades will falter. Financial sector reform lies at the heart of Chinas economic transition and Chinas stock market has become critical to the reform of state-owned industry, the supply of fiscal revenues and in building a modern pension system.

The Development of Chinas Stockmarket takes a close look at the policy-making and regulatory institutions the government has created to manage equity development and shows how, in contrast to neo-institutional and economic theories of regulatory development, public actors have controlled institutional development.
Based on extensive field research in Shanghai, Shenzhen and Beijing and over forty interviews with regulators and market players, The Development of Chinas Stockmarket provides the first detailed academic analysis of the countrys stockmarket. With a comprehensive review of Chinese language literature available on the subject, this book is essential reading for all scholars with an interest in Asian Business and Chinas transition from socialism.