Virtual Economy and the Development of China's Capital Market

Author: Shao Yan
Publisher:
Publish Date: 2006-01-01
Features: Virtual economy is a significant topic with academic value and practical significance. This book starts with the origin of virtual capital and proposes relatively unique insights into the definition of virtual economy. It comprehensively and systematically explores fundamental theoretical issues such as the relationships between virtual capital and virtual economy, virtual economy and real economy, virtual economy and capital markets, as well as the influencing factors, characteristics, and functional roles of virtual economic development. On this basis, by comparing the current state of China's capital market with that of developed and emerging markets, it proposes efforts and reform measures aimed at advancing towards mature markets. Economic globalization has become an irresistible historical trend for 21st-century economic development, and the internationalization of virtual economy largely requires a country's financial system to be integrated into the global financial system. This book aims to provide theoretical and practical references for advancing and improving the development of China's capital market. As a research outcome, it is sincerely dedicated to the broad investors, managers, and theoretical workers who are concerned about, support, and participate in the construction of the securities market.