China Capital Markets Development Report : China Securities Regulation Commission

The 'China capital markets development report' provides a good overview of the development of China's capital markets and explores future strategies. The report starts by reviewing historical events in the evolution of China's capital markets which have grown from small and unorganized regional markets into a national market today. By summarizing lessons learned during the market evolution and analyzing major gaps between China's capital markets and more mature markets, the report tries to propose a strategic design and vision for China's capital markets development for the next decade and beyond. Since the commencement of economic reform and opening up, China has gone through significant economic and social changes, and the socialist market economic regime has been established and steadily improved. Between 1979 and 2007, China's Gross Domestic Product (GDP) has been growing above 9 percent annually on average and China has become the fourth largest economy in the World. China's capital markets emerged and developed during the same period. With joint efforts by all relevant parties, China's capital markets have been able to reach a level of development that took many mature markets decades or even a hundred years to achieve. Along the way, the legal and regulatory frameworks, and trading and clearing systems have developed according to international best practice and China's capital markets have been increasingly recognized by international investors. The emergence and development of capital markets has been closely linked to mass production. They are the prerequisite for, and important indicators of, a modern market economy. Capital markets promote the development and improvement of market-driven resource allocation, resulting in the optimization of social resources. As the world financial markets become increasingly global and integrated, competition among capital markets and financial centers around the world is becoming increasingly intensive, leading to a fast-changing landscape in capital markets. The competitiveness and viability of the capital markets have become important components of national competitiveness.

Bibliographic Details

Main Author:	Qi, Bin
Format:	Foreign Trade, FDI, and Capital Flows Study biblioteca
Language:	English en_US
Published:	China Financial Publishing House 2008-01
Subjects:	ACCOUNTING, AGRICULTURAL BANK, ASSET-BACKED SECURITIES, ASSET-BACKED SECURITY, BACKED BONDS, BACKED SECURITIES, BANK BOND, BANK BOND MARKET, BANK BRANCHES, BANK DEPOSITS, BANK GUARANTEES, BANK LOANS, BANK MARKET, BANKING SECTOR, BLUE CHIP, BOND, BOND FUTURES, BOND ISSUANCES, BOND PRICE, BOND TRADING, BONDS, BOOK-ENTRY, BROKERAGE, BROKERAGE FIRMS, BROKERAGES, CAPITAL MARKET, CAPITAL MARKET REFORM, CAPITAL MARKETS, CAPITAL MARKETS DEVELOPMENT, CLEARING CORPORATION, COLLATERAL, COLLECTIVE INVESTMENT, COMMERCIAL BANK, COMMERCIAL BANKS, COMMERCIAL PAPERS, COMPANY LAW, CONFLICTS OF INTEREST, CONVERTIBLE BOND, CONVERTIBLE BONDS, CORPORATE BOND, CORPORATE BOND MARKET, CORPORATE BONDS, CORPORATE GOVERNANCE, CUSTODY, DEPOSIT, DEPOSITORY COMPANIES, DEPOSITORY SYSTEMS, DERIVATIVES, DEVELOPMENT BANK, DISCOUNT RATES, DOMESTIC CAPITAL, DOMESTIC CAPITAL MARKETS, DOMESTIC MARKET, ECONOMIC DEVELOPMENT, EMERGING MARKETS, ENFORCEMENT SYSTEM, EQUIPMENT, EQUITIES, EQUITY MARKET, EXCHANGE CONTROL, EXCHANGE RATES, FINANCIAL CRISIS, FINANCIAL INSTITUTION, FINANCIAL INSTITUTIONS, FINANCIAL RISKS, FINANCIAL SUPPORT, FINANCIAL SYSTEM, FINANCIAL SYSTEMS, FIXED INCOME, FOREIGN CAPITAL, FOREIGN CURRENCY, FOREIGN EQUITY, FOREIGN EXCHANGE, FOREIGN INVESTORS, FRAUD, FUND MANAGEMENT, FUTURES, FUTURES CONTRACT, FUTURES EXCHANGE, FUTURES EXCHANGES, FUTURES MARKET, FUTURES MARKETS, GLOBAL FINANCIAL STABILITY, GLOBALIZATION, GOVERNMENT BOND, GOVERNMENT BONDS, GOVERNMENT SECURITIES, HOLDING, INDIVIDUAL INVESTORS, INFLATION, INFORMATION DISCLOSURE, INFORMATION DISCLOSURES, INFRASTRUCTURE DEVELOPMENT, INITIAL PUBLIC OFFERINGS, INSIDER TRADING, INSTITUTIONAL INVESTOR, INSTITUTIONAL INVESTORS, INSURANCE, INSURANCE INDUSTRIES, INTEREST PAYMENT, INTEREST RATE, INTEREST RATES, INTERESTS OF INVESTORS, INTERNATIONAL CAPITAL, INTERNATIONAL CAPITAL MARKETS, INTERNATIONAL FINANCE, INTERNATIONAL INVESTMENT, INTERNATIONAL INVESTMENT BANKS, INTERNATIONAL INVESTORS, INTERNATIONAL STANDARDS, INVESTING, INVESTMENT CORPORATION, INVESTMENT FUND, INVESTMENT FUNDS, INVESTOR BASE, INVESTOR CONFIDENCE, IPO, ISSUANCE, JOINT STOCK COMPANIES, JOINT STOCK COMPANY, LEGAL ENVIRONMENT, LEGAL FRAMEWORK, LEGAL FRAMEWORKS, LEGAL SYSTEM, LEGAL SYSTEMS, LIMITED LIABILITY, LIQUIDATION, LIQUIDITY, LOCAL GOVERNMENTS, MACROECONOMIC ENVIRONMENT, MARKET CAPITALIZATION, MARKET DEPTH, MARKET DEVELOPMENT, MARKET DISCIPLINE, MARKET DISCIPLINES, MARKET ECONOMY, MARKET EFFICIENCY, MARKET INFORMATION, MARKET MECHANISM, MARKET MECHANISMS, MARKET PARTICIPANTS, MARKET SIZES, MARKET STABILITY, MARKET TRANSPARENCY, MATURE MARKET, MATURE MARKETS, MATURITY, MINORITY INVESTORS, MINORITY SHAREHOLDERS, MONETARY POLICY, MORTGAGE, NATIONAL BOND, NATIONAL BOND MARKET, NATIONAL SECURITIES, NON-PERFORMING LOAN, OWNERSHIP STRUCTURE, PAPER CERTIFICATES, PAR VALUE, PENSION, PENSION FUNDS, PENSION SYSTEM, PORTFOLIOS, PRICE CHANGE, PRICE VOLATILITY, PRIMARY MARKET, PROPERTY RIGHTS, PUBLIC OFFERING, PUBLIC OFFERINGS, REAL ESTATE INVESTMENTS, REGULATORY AUTHORITIES, REGULATORY FRAMEWORK, REGULATORY FRAMEWORKS, REGULATORY SYSTEM, REPO, REPO TRANSACTIONS, REPOS, RETAIL INVESTORS, RETAIL TRADING, RETURN, RULE OF LAW, SECONDARY BOND MARKET, SECONDARY MARKET, SECONDARY MARKETS, SECONDARY TRADING, SECURITIES, SECURITIES EXCHANGES, SECURITIES INDUSTRY, SECURITIES LAW, SECURITIES MARKET, SECURITIES MARKETS, SETTLEMENT, SETTLEMENT SYSTEM, SETTLEMENT SYSTEMS, SHAREHOLDER, SHAREHOLDERS, STAMP DUTY, STANDARD CONTRACT, STOCK EXCHANGE, STOCK EXCHANGES, STOCK ISSUANCE, STOCK MARKET, STOCK MARKET DEVELOPMENT, STOCK MARKETS, STOCK TRADING, STOCKS, STRATEGIC INVESTORS, T-BOND, TAX, TRADING, TRADING SYSTEM, TRADING SYSTEMS, TRANSACTION, TRANSACTION COSTS, TREASURY, TREASURY BOND, TREASURY BONDS, UNDERWRITER, UNDERWRITERS, WARRANTS, WORLD FINANCIAL MARKETS,
Online Access:	http://documents.worldbank.org/curated/en/2008/01/16518660/china-capital-markets-development-report http://hdl.handle.net/10986/12643
Tags:	Add Tag No Tags, Be the first to tag this record!