Capital Trap

Author: Wang Hongbo
Publisher:
Publish Date: 2003-06-01
Features: In December 2001, China joined the WTO, marking a new historical stage in the country's economic development. During this period, the capital market will undertake a more important historical mission. Therefore, maintaining a clear and correct understanding of the standardized development of the capital market is crucial. To achieve this clarity, it is necessary to conduct serious and scientific analyses of various issues in the operation of the capital market, enabling the timely identification and resolution of problems. In this sense, the standardized development of the capital market is based on systematic critique and continuous self-reflection. In this book, the author comprehensively categorizes and analyzes various violations in the capital market. Based on this, by examining the evolutionary process and internal mechanisms of these violations or irrational phenomena, the inherent flaws of China's capital market are revealed. Since the authors of this book have all worked in the practical business of investment banking and have a deep understanding of the various focal points and hidden aspects of market behaviors, the analysis cases and categorization methods they selected are representative. At the same time, they systematically explore the internal mechanisms behind these cases. On the other hand, the book reviews the theoretical debates during the construction of China's capital market and specifically analyzes the negative impacts on its development caused by misunderstandings and deviations in cognition and concepts. This also reflects the constraint of theory on practice.