Demystifying China¿s Stock Market

The Hidden Logic behind the Puzzles
Langbeschreibung
Mainstream research has rationalized Chinäs stock market on the basis of paradigms such as the institutional approach, the efficient market hypothesis, and corporate valuation principles. The deviations from such paradigms have been analyzed as puzzles of Chinäs stock market. Girardin and Liu explore to what extent, in the perspective of Chinese cultural and historical characteristics, far from being puzzles, these 'deviations¿ are rather the symptoms of a consistent strategy for the design, development and regulation of a government-dominated financial system.This book will help investors, observers and researchers understand the hidden logic of the design and functioning of Chinäs modern stock market, taking a political economy view.
Hauptbeschreibung
Provides an original, innovative and thought-provoking perspective on China's stock market
Inhaltsverzeichnis
Chapter 1: Demystifying China's Stock Market: The Hidden Logic behind the Puzzles.- Chapter 2: What Does History Tell Us? The Roots of China's Modern Stock Market.- Chapter 3: A Government-Dominated Financial System.- Chapter 4: A Chinese style speculative market.- Chapter 5: The political economy of an incomplete market.
Eric Girardin is Professor of Economics at Aix-Marseille University and Researcher at Aix-Marseille School of Economics, France. He is visiting Professor at Beijing University-HSBC Business School, UK. He was a member of the Advisory Council of the Asian Development Bank Institute (Oct 2004-Sept 2012).
ISBN-13:
9783030171223
Veröffentl:
2019
Erscheinungsdatum:
01.10.2019
Seiten:
148
Autor:
Zhenya Liu
Gewicht:
313 g
Format:
216x153x13 mm
Sprache:
Englisch

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