International Comparison of the Securities Market: Fundamental Deficiencies of the Chinese Securities Market and Their Correction from an International Perspective - Volume 2

Author: Xie Baizhan
Publisher:
Publish Date: 2003-09-01
Features: The book conducts comparative research on various aspects of stock markets and bond markets in Western countries such as the United States, the United Kingdom, Germany, France, and Russia, as well as in countries and regions worldwide like Japan, Singapore, South Korea, and Hong Kong, China. The content includes: the overall bond market, the overall stock market, the management models of securities markets; the primary market for stocks (IPO), second-tier markets, and third-tier markets in various countries; the models of stock exchanges, management buyouts (MBO), investor behavior, investment banks ( securities firms), funds in various countries, asset securitization, securities consulting industries, and other elements of the securities market; the process of opening securities markets in the United States and emerging market countries; in addition, it covers comparative studies on government intervention, independent directors, the separation of banking and securities, market-making systems, and various regulatory models such as securities group lawsuits in the stock markets of the United States, Hong Kong, China, and Taiwan; based on these studies, it proposes strategies to improve China's securities market; finally, it analyzes the fundamental flaws of China's securities market in terms of systems and efficiency, as well as the issues revealed by the asymmetry of rights between non-tradable shares and tradable shares.