China’s Capital Markets
Chandos Asian Studies Series

Author:

Language: English
Cover of the book China’s Capital Markets

Subject for China’s Capital Markets

China's Capital Markets
Publication date:
298 p. · 15.5x23.2 cm · Paperback
Publication Abandoned
China's Capital Markets
Publication date:
298 p. · 15.5x23.2 cm · Hardback
Out of Print
Capital markets in China include stock, bond, futures and other derivatives, as well as the private equity market. China?s Capital Markets is the first book to systematically study China?s capital markets, examining its evolution, policies, reforms, current situation and challenges. Following an introduction to China?s capital markets and economic growth, the book moves on to cover further capital markets in China, including: the banking system, mergers and acquisitions, and valuation adjustment mechanisms, before concluding with a discussion of the opening up and internationalization of China?s capital markets.

List of figures and tables

List of abbreviations

Acknowledgements

About the author

Introduction

Chapter 1: China’s stock market

Abstract:

Introduction

China’s A-share market

China’s B-share market

Small and Medium-sized Enterprise Board Market

The Growth Enterprise Market

The Third Board Markets

China’s International Board

Discussing the problems that China’s stock market is facing

Summary

Chapter 2: China’s bond market

Abstract:

Introduction

Major types of bonds in China’s bond market

Bond trading

Bond issuance and supervision

A problem in China’s interbank bond trading: “Class C” account and “Substitute holding”

Opening up of China’s bond markets

Problems and challenges of China’s bond markets

Summary

Chapter 3: China’s derivatives markets

Abstract:

Introduction

China’s futures market

T-bond derivatives market

China’s warrant market

Interest rate (IR) derivatives market

Foreign exchange derivatives market

Credit Default Swap (CDS) market

Local derivatives markets

China’s supervision of financial derivatives markets

The problems of developing China’s derivatives markets

Summary

Chapter 4: China’s private equity market

Abstract:

Recent development of China’s PE market

Main players in China’s PE industry

PE management

PE performance

RMB-denominated PE funds

China Sovereign Wealth Fund

Taxation issue in China’s PE industry

Policies to manage the PE industry

How to make a successful PE in China?

Challenges in developing PE in China

The future of private equity in China

Summary

Chapter 5: Investors in China’s capital markets

Abstract:

Introduction

Chinese funds

Securities companies

Qualified Foreign Institutional Investors (QFIIs)

Qualified Domestic Institutional Investors (QDIIs)

Insurance companies

Pension funds

China enterprise annuity fund

Summary

Chapter 6: China’s banking industry

Abstract:

Introduction

China’s traditional banking

China’s shadow banking

China’s private banking

China’s banking and local governments’ debts

Summary

Chapter 7: Mergers and acquisitions (M&A) in China’s capital markets

Abstract:

Introduction

M&A in China’s capital markets

China’s outbound M&A

Foreign investors’ M&A in China

China’s legal system on M&A

Challenges and problems of M&A in China’s capital markets

Summary

Chapter 8: Valuation adjustment mechanism in China’s capital markets

Abstract:

What is valuation adjustment mechanism (VAM)?

VAM in China

Is a VAM clause legal in China?

Summary

Chapter 9: Opening up of China’s capital markets

Abstract:

Introduction

Chinese firms’ overseas IPOs

QFII

QDII

RQFII

Joint venture securities in mainland China

Internationalization of Chinese securities

Summary

References

Index

Dr Yong Zhen is an Assistant Professor of Business and Management at Beijing Normal University, Hong Kong Baptist University United International College. He has over 10 years of work and research experiences in Chinese retailing. He studied in the USA and the UK; and obtained Ph. D degree from University of Cambridge.
  • Provides an overall picture of China's capital markets including: policy analysis; case studies; investor strategies and behaviours; and suggestions for success in the markets
  • Offers diverse perspectives, using rich data and analysis
  • This is the first book to systematically study China’s capital markets