Title

Geographies of finance : the state-enterprise clusters of China

Document Type

Book chapter

Source Publication

The Oxford Handbook of the Sociology of Finance

Publication Date

1-1-2012

First Page

450

Last Page

470

Publisher

Oxford University Press

Keywords

Chinese finance, financial markets, Hong Kong, Taiwan, public and private sectors, regionalism, market transactions, commission fees, cultural essentialism

Abstract

This article provides an overview of the main institutions involved in contemporary Chinese finance. It starts with a brief summary on the history of China's modern financial markets, and some factual description on the markets of mainland China, Hong Kong, and Taiwan. It proceeds to one short section on Bill Gates' two-tier theoretical framework, which provides helpful insights on China's economic and social structure throughout the ancient, republican, and communist periods. The main part of the article examines three aspects of Chinese markets: first, the relationship between public and private sectors; second, regionalism and local clusters; and third, examples of market transactions in the form of commission fees. The conclusion discusses the infiltration of politics in Chinese markets and cultural essentialism.

DOI

10.1093/oxfordhb/9780199590162.013.0024

Publisher Statement

Access to external full text or publisher's version may require subscription.

Additional Information

ISBN of the source publication: 9780198708773

Full-text Version

Publisher’s Version

Recommended Citation

Siu, L. S. L. (2012). Geographies of finance: The state-enterprise clusters of china. In Karin Knorr Cetina, & Alex Preda (Eds.), The oxford handbook of the sociology of finance (pp. 450-470). Oxford: Oxford University Press. doi: 10.1093/oxfordhb/9780199590162.013.0024