Backlight

Author: Li Chengli
Publisher:
Publish Date: 2004-07-01
Features: Ensuring the standardization of the stock market requires two key points: a sound corporate governance structure and strict post-event supervision. Unfortunately, neither of these has been implemented well in China. The problem with China's regulation lies in being overly stringent beforehand and too lenient afterward. So many listed companies and intermediaries violate regulations, and so many market manipulators engage in malicious operations, yet the penalties are very light, forming a stark contrast with the strict post-event supervision in developed Western countries. There are still issues with the positioning of China's securities market—it is either defined as a supplementary financial tool or a social stabilizer. The stock market has been established for over a decade, yet its positioning remains so ambiguous. The author, with the perspective of a journalist, boldly introduces and exposes the strange phenomena in China's stock market. The book is divided into five parts and selects more than 40 strange phenomena in the stock market for analysis and disclosure, including market manipulators acting as dark (manipulators), black shareholders hollowing out listed companies, and listed companies that deceive investors through fraud. The book is highly readable and does not require deep professional knowledge to understand. It can be read with a relaxed and leisurely mindset, making it suitable for a wide range of readers, including stock investors and others who are concerned about the stock market.