Research on Chinese Institutional Investors (Capital Market Operations Series)

Author: Geng Zhimin
Publisher:
Publish Date: 2002-11-17
Features: This book starts from the trends of integration, institutionalization, and fundification in the international capital market, providing readers with a theoretical framework system for the management system and policy decisions of Chinese institutional investors at macro and micro levels, as well as technical solutions for reference. It fills the gap in domestic economic theory research, holding significant academic value and practical policy guidance, contributing to the standardized development of China's securities market. This book is a systematic academic monograph on the management of Chinese institutional investors. It preliminarily constructs a nonlinear dynamic analysis framework for the Chinese securities market and a behavioral model for institutional investors, creatively proposing that an unbalanced institutional investor system structure is an intrinsic factor leading the operational system of China's securities market into chaotic equilibrium, which constitutes the market conditions and institutional foundation for the "fund curtain." Through an in-depth study of the institutional changes, operational mechanisms, economic effects, and management decisions of institutional investors such as mutual funds and social security funds, the book clearly identifies that the rational choice for China's institutional investor regulatory system is to implement cautious "re-regulation."