Corporate Governance and Financial Reform in China's Transition Economy (HKU Press Law Series) - Softcover

Leng, Jing

9789622099326: Corporate Governance and Financial Reform in China's Transition Economy (HKU Press Law Series)

Softcover

ISBN 10: 9622099327 ISBN 13: 9789622099326

Publisher: Hong Kong University Press, 2009

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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From the Publisher:

"This book provides an up-to-date and highly comprehensive critique of the multi-dimensional forces that have shaped the current normative structure for corporate governance in China. For those interested in corporate governance in China, this is a valuable source of information as well as a feast for thought." - Anthony Neoh, SC, former Chief Advisor of the China Securities Regulatory Commission.

"The author suggests that China serves as an example illustrating the benefits of gradual transition, and proper sequencing and pacing of reforms at different stages of development. . . . The book is both impressive and logical in its coverage. Because of this, it provides a useful and engaging account that is not only relevant to those interested in China, but also to those interested in analogies that might be drawn in other developing countries." - Professor Sarah Worthington, London School of Economics

From the Back Cover:

Law / China Studies

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