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

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Full-text Version

Publisher’s Version

Recommended Citation

Wong, S. M. L. (2006). China's stock market: A marriage of capitalism and socialism. Cato Journal, 26(3), 359-424.