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Article: The Evolution of the Stock Market in China's Transitional Economy
- Article from:
- The China Business Review
- Article date:
- September 1, 2003
- Author:
CopyrightCopyright U.S.-China Business Council Sep/Oct 2003. Provided by ProQuest LLC. (Hide copyright information)
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The Evolution of the Stock Market in China's Transitional Economy by Chien-Hsun Chen and Hui-Tzu Shih. Northhampton, MA: Edward Elgar Publishing, 2002. 187 pp. $80 hardcover.
The collapse of Enron was not only a clarion call to America's financial institutions and stock market watchdogs, but a loud warning to nascent capital markets around the world-including China's-about the need for regulation and abundant oversight. Whether China can transcend the growing pains often associated with emerging markets is critical to China's economic growth. But as China lists more state-owned enterprises, it runs the risk of continued stock price volatility, fraud, and stock manipulation (known in China ...