In the complicated and fast-moving world of the Chinese securities markets, a guide is needed. This book provides that guide. The author has invaluable on-the-ground experience, and he provides a detailed description of the regulatory and operating scene, the players, and a future vision for what is still an embryonic and not fully functional system.
The author provides a detailed,up to date examination of the legal ,institutional, financial,and regulatory framework upon which China’s stock market has been rebuilt on over the last 4-5 years.HOWEVER,IT NEEDS TO BE EMPHASIZED THAT THE CURRENT VALUATIONS OF THE CHINESE STOCK MARKET(s) are wildly inflated.A giant bubble still exists in China’s stock market in spite of recent attempts by China’a government to deflate it.A crash could occur at any time.The recent 2007 World Bank report that put China’s gross domestic product at $6 trillion ,and not the $10($11) trillion figure that has been reported previously,means that growth opportunities for foreign investors have been widely exaggerated .
I consider myself being out of touch with the Chinese stock market for almost a decade now. This book brought me right back to the new rules and regulations of the current Chinese market. It is a truely great book in that it not only has good discussions on all the recent efforts devoted by Chinese government in the secruties law reforming, but also the book addresses many interesting unique characteristics of the Chinese market, which often can not be well explained by the pricing theory developed in the western markets. This book is a very good guide book for anyone who is not familar with the current Chinese market. Even those people who may have been familiar with the Chinese market for some years should read this book to get updated with the important recent market reforming.
The Chinese stock market is a very interesting market that many people may benefit from it by paying attention to. The book was written at the time when the Chinese market had experienced market decline in 5 consecutive years, which also happened to be at a time that the Chinese government had started its most challenging task in the securities reforming, the full floating of the nonetradeable shares. When I read this book at the end of 2006, the result from these reforms has appeared in no small way, at least 100 percent jump in the Chinese stock market for the year of 2006.
Uriela says
In the complicated and fast-moving world of the Chinese securities markets, a guide is needed. This book provides that guide. The author has invaluable on-the-ground experience, and he provides a detailed description of the regulatory and operating scene, the players, and a future vision for what is still an embryonic and not fully functional system.
Gino says
The author provides a detailed,up to date examination of the legal ,institutional, financial,and regulatory framework upon which China’s stock market has been rebuilt on over the last 4-5 years.HOWEVER,IT NEEDS TO BE EMPHASIZED THAT THE CURRENT VALUATIONS OF THE CHINESE STOCK MARKET(s) are wildly inflated.A giant bubble still exists in China’s stock market in spite of recent attempts by China’a government to deflate it.A crash could occur at any time.The recent 2007 World Bank report that put China’s gross domestic product at $6 trillion ,and not the $10($11) trillion figure that has been reported previously,means that growth opportunities for foreign investors have been widely exaggerated .
Hendrix says
I consider myself being out of touch with the Chinese stock market for almost a decade now. This book brought me right back to the new rules and regulations of the current Chinese market. It is a truely great book in that it not only has good discussions on all the recent efforts devoted by Chinese government in the secruties law reforming, but also the book addresses many interesting unique characteristics of the Chinese market, which often can not be well explained by the pricing theory developed in the western markets. This book is a very good guide book for anyone who is not familar with the current Chinese market. Even those people who may have been familiar with the Chinese market for some years should read this book to get updated with the important recent market reforming.
The Chinese stock market is a very interesting market that many people may benefit from it by paying attention to. The book was written at the time when the Chinese market had experienced market decline in 5 consecutive years, which also happened to be at a time that the Chinese government had started its most challenging task in the securities reforming, the full floating of the nonetradeable shares. When I read this book at the end of 2006, the result from these reforms has appeared in no small way, at least 100 percent jump in the Chinese stock market for the year of 2006.