China's accession agreements to the World Trade Organization promised to   open up the financial sector to foreign competition by the end of 2006,   affording a wealth of opportunities for domestic and international   investors. However, there also exist inherent risks and challenges,   including inefficient financial markets, inadequate and fast-changing   regulations, excessive governmental influence, and lack of transparency in   accounting and corporate governance. The contributors to this book explore   these perplexing and intertwined issues as they systematically document and   analyze the capital market's development in association with the banking   system and legal framework.       China's economy has been growing rapidly since the late 1970s and is   expected to maintain this momentum in the foreseeable future. Coupled with   the biggest population in the world, there is tremendous growth potential   for China's capital markets and financial services industry, both vital to   the continued development of the economy. The contributors present research   on all facets of China's markets including: stock and bond markets; futures   and over-the-counter markets; regulatory issues; and the development and   roles of financial institutions such as brokerage firms, banks and   insurance companies. Also addressed are the recent performance of equity   markets, the emergence of small and medium enterprises, and the state   banks' bids to be listed in overseas stock exchanges. Taken together, the   book sheds a welcome light on China's overall economic growth.    This comprehensive look at the future of China's economy will be of great   value to students and scholars of China. Investors and policymakers will   also find it of great practical use.

China's Capital Market: Challenges from Wto Membership (Advances in Chinese Economic Studies) PDF

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