CHINA'S STOCKMARKET - A GUIDE TO ITS PROGRESS, PLAYERS AND PROSPECTS

Few other aspects of reform in China fascinate more than the stockmarket. It has been at the centre of huge policy battles between reformers pushing for more capitalism and conservatives wanting to preserve socialist controls. Bureaucrats from dozens of government departments have fought extensive turf wars for the authority to regulate it. Hundreds of fortunes have been made - some legally - and thousands of investors have had their savings wiped out by ill-judged efforts at 'stir-frying' shares. Developing a well-run stockmarket is essential if China is to make a success of the reform of industry, the creation of a modern pension system and the funding of the government's own debts. This book deals in detail with the market's history, its institutions, players and policy issues, as well as likely future developments. For anyone interested in China it provides insight into how China's market economy is developing. For those interested in the opportunities China's stockmarket offers for investors, it will be invaluable.