Corporate Governance for Listed Companies in China - Recent Moves to Improve the Quality of Listed Companies

17 Pages Posted: 30 Sep 2007  

Takeshi Jingu

Nomura Institute of Capital Markets Research

Abstract

The quality of China's capital markets cannot be improved without raising the quality of its listed companies. One problem with China's capital markets is that frequent scandals involving listed companies have created market uncertainty in the eyes of investors. This paper offers an explanation as to why corporate governance of China's listed companies has not functioned very well, and examines recent government moves aimed at improving that corporate governance, including administrative guidance, implementation of the new Company Law and Securities Law, reform of non-tradable shares, and group (all-affiliate) listings.

Keywords: China, Corporate Governance, Listed Companies

JEL Classification: G30, G32, G34, G38, K22, P31

Suggested Citation

Jingu, Takeshi, Corporate Governance for Listed Companies in China - Recent Moves to Improve the Quality of Listed Companies. Nomura Capital Market Review, Vol. 10, No. 2. Available at SSRN: https://ssrn.com/abstract=1016912

Takeshi Jingu (Contact Author)

Nomura Institute of Capital Markets Research ( email )

Urbannet Otemachi Building
2-2-2, Otemachi, Chiyoda-ku
Tokyo, 100-8130
Japan

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