xxiv, 389 pages : illustrations ; 25 cm.
International banking and finance law series ; v. 25.
Formatted Contents Note
An overview of China's stock market Outline China's state-owned listed companies : conflict of interests and institutional settings Family controlled listed companies : CMS in group affiliates Institutional investors Minority shareholders Evolution of CSRC's IPO system (1992-present) Exchange policy and openness of stock market Investor protection : a perspective of lawmaking China's securities watchdog The role of People's Courts in private securities litigation : passive courts and weak investor protection Conclusion Table of statutes.
The number of interactions between China's stock markets and markets in other parts of the world continues to grow prodigiously. However, as in many transitional economies, insider control and inefficient law enforcement pose serious problems for the corporate governance of Chinese listed companies. Using a law and economics approach, this book first analyses the types of pervasive misconduct of large shareholders in China's listed companies, and then offers concrete reform proposals toward effective protection of minority shareholders in the interwoven areas of regulation, enforcement, and the judiciary. The author addresses the necessity for recognizing the fiduciary duty of controlling shareholders, for improving voting rights for minority shareholders, for enhancing the disclosure system, and for restricting insider trading and market manipulation.
In English, with some statute titles and bibliographical references in Chinese and English.
Bibliography, etc. Note
Includes bibliographical references (pages 357-373) and index.