Research on the Opening of China's Capital Market

Author: Shen Kunrong
Publisher:
Publishing Date: 2005-11-09
Features: This monograph explores the issue of capital market openness in China during its economic transition. The book is divided into ten chapters, including the Introduction and Openness Effects, Openness Paths, and Supporting Reforms. The Introduction section studies the evolution and comparison of theories and policies on capital market openness, providing a brief review of relevant theories and policies. The Capital Market Openness Effects section analyzes the motivations and current status of China's capital market openness, its growth and stability effects, and examines the micro effects of capital market openness from the perspective of corporate governance. The Capital Market Openness Paths section investigates the target models and path dependency of China's capital market openness, the main approaches to its openness: QFII and QDII, and conducts case studies on capital market openness in developing countries. The Capital Market Supporting Reforms section explores the relationship between capital market openness and reforms in banking, interest rate, and foreign exchange systems, and conducts an in-depth theoretical study of the institutional support for capital market openness. This monograph applies the latest financial investment theories to its research and employs econometric methods for empirical analysis, aiming to make the analysis results more reliable and the conclusions more policy-relevant. This book can serve as a reference for researchers, senior students in universities and colleges, and graduate students. It also holds certain reference value for professionals in financial institutions and government officials at all levels.