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The Impact of Share and Ownership Structure

  • Carl E. Walter
  • Fraser J. T. Howie
Chapter
Part of the Studies on the Chinese Economy book series (STCE)

Abstract

The enactment of national securities regulations and a company law together with the creation of a national industry regulator were without question necessary to promote the continued development of China’s equity capital markets. By the late 1990s, however, the costs of the political compromises and the historical burden of central planning had become clear. By avoiding at the birth of the equity markets 1 h politically sensitive issue of whether the ownership of state and legal person shares could be transferred and, if so, to whom, the government in the end has created a huge market overhang.

Keywords

Ownership Structure Equity Market Legal Person State Share Tradable Share 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Carl E. Walter and Fraser J. T. Howie 2001

Authors and Affiliations

  • Carl E. Walter
    • 1
  • Fraser J. T. Howie
    • 1
  1. 1.China International Capital Corporation (CICC)BeijingChina

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