Title
China's stock market : a marriage of capitalism and socialism
Document Type
Journal article
Source Publication
Cato Journal
Publication Date
Fall 1-1-2006
Volume
26
Issue
3
First Page
359
Last Page
424
Abstract
The article explains how China was able to develop a large, active and technologically advanced stock market in the 1990s while maintaining its monopolistic control over financial intermediation. The development of the Chinese stock market was driven by rent-seeking and speculative activities. A series of reform measures for privatizing listed enterprises have been introduced by China in the early 2000s. It provides a discussion on the likely evolution of the Chinese stock market.
Print ISSN
02733072
E-ISSN
19433468
Publisher Statement
Copyright © Cato Institute
Access to external full text or publisher's version may require subscription.
Full-text Version
Publisher’s Version
Language
English
Recommended Citation
Wong, S. M. L. (2006). China's stock market: A marriage of capitalism and socialism. Cato Journal, 26(3), 359-424.
