Corporate Governance and Financial Reform in China's Transition Economy

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Hong Kong University Press, Jun 1, 2009 - Business & Economics - 328 pages
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The world economy is facing unprecedented challenges brought by the still unfolding global financial crisis. At this critical juncture in history, China's economic performance and financial stability are closely watched across the world. The current global economic downturn and the rigidities it poses on the growth prospects of any individual economy are a testing ground for the effects of China's corporate governance reform and financial reform that have been taking place in recent years. It is now a proper time to assess whether these reforms have yielded meaningful results which can help China withstand and navigate through the most severe economic difficulties of our times. This book provides a comprehensive and up-to-date review and critique of corporate governance reforms and related financial reforms in China during the country's transition to a market economy, involving its enterprise, banking and capital markets sectors. China's participation in economic globalization, symbolized by its accession to the World Trade Organization, is taken as a broad background to the country's domestic reform agenda. By exploring the dynamics of China's evolving corporate governance regime, this book presents an important country study of corporate governance reforms in developing and post-communist transition economies to show the possibility of alternative paths to the market.
 

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Contents

1 Introduction
1
2 Basic Concepts of Corporate Governance and Global Movements in Corporate Governance Reforms
25
3 The History of Chinas Enterprise Reformand Emerging Corporate Governance Issues
39
4 Corporate Governance Practices of Major Types of Chinese Enterprises and Institutional Constraints on Corporate Governance Improvements durin...
63
5 The Interaction between Capital Marketsand Corporate Governance of Chinese Listed Companies
117
6 Corporate Governance Reform of Chinas Banking System
183
7 The Chinese Experience in International Corporate Governance Debates
221
8 Conclusion
259
Appendix 1 Abbreviations
271
Appendix 2 Chinese Government and Regulatory Agencies
273
Appendix 3 Chinese Terms
274
Appendix 4 Chinese Language Financial Newspapers and Journals
275
Appendix 5 Glossary
276
Index
291
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About the author (2009)

Dr. Leng Jing is an assistant professor at the Faculty of Law, University of Hong Kong. She was educated in mainland China, Japan, and Canada. Her specialty is comparative corporate governance and financial regulation, with a focus on PRC corporate and financial law.

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