Corporate Governance in China: In the Context of Globalization and Transition (HKU Press Law Series) - Hardcover

Leng, Jing

Hardcover

ISBN 10: 9622099319 ISBN 13: 9789622099319

Publisher: Hong Kong University Press, 2009

Synopsis

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.

About this title

Review:

"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 valuab

"This book takes an insightful look at enterprise reform and corporate governance in China, going beyond listed companies to look at other forms of business organization as well as gatekeeper institutions. The author then situates China within broader deb

"Leng's book is the most comprehensive study to date of China's corporate governance reforms. The book adds to our understanding of the value and limitations of Chinese-style gradualism, and of the importance of mixing international best-practice with loc

"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

Synopsis:

This book examines corporate governance reforms in China as an economy in transition - from a planned economy to a market economy - in the context of globalization and the country's accession to WTO. The author interprets China's experience as a gradualist transition strategy, which is appropriate given the existing constraints imposed by China's limited political, legal and regulatory framework. This approach also compares favorably with the radical privatization programme ("shock therapy") in Russia. In China, "institutional innovations" play a key role in discovering a better way to the market, even though such transitional institutions may not fully comply with a full market economy. Meanwhile, mutually supporting and complimentary structural reforms of China's enterprises, banks, and stock market should proceed hand in hand in order to achieve effective and sustained results during the transition.

About this edition

• Publisher: Hong Kong University Press
• Publication date: 2009
• ISBN 10: 9622099319
• ISBN 13: 9789622099319
• Binding: Hardcover
• Number of pages: 328