Capital Market Strategy in National Competition

Author: Zhang Yujun
Publisher:
Publish Date: 2003-12-01
Features: Since 2000, China's securities market has undergone the most significant reforms and opening-up efforts, and it has also been a period marked by intense debates in both theory and practice. This book collects some of the author's speeches, reports, and articles since September 2000 when he joined the Shenzhen Stock Exchange, reflecting in part his exploration and reflections on some prominent phenomena and key issues in China's securities market reform and development during this period. The book opens with the article "Reconstructing China's Capital Market Development Strategy in National Competition" as its preface, closely aligning with the theme. The remaining five chapters cover securities market reform and regulation, corporate governance and mergers and acquisitions, the ChiNext market and the direct financing system for small and medium-sized enterprises, market structure improvement and institutional innovation, and an appendix. Drawing on institutional economics theory and legal theory, and employing comparative research methods, the book provides an in-depth analysis and rational perspective on deep-seated issues in China's securities market, including system construction, reform and innovation, and capital market development strategies. It is characterized by a high starting point, originality, strong relevance, and holds significant theoretical and practical value.