Legal Regulation of China's Securities Markets: Recent Improvements and Competing Advantages
'Legal Regulation of China's Securities Markets: Recent Improvements and Competing Advantages', in Michael Faure and Guangdong Xu (eds.), Economics and Regulation in China (Routledge 2014) 63-84
22 Pages Posted: 18 May 2014 Last revised: 21 May 2014
Date Written: May 15, 2014
Does private enforcement of securities law work in China? Does it have any advantages, when it is compared with other regulatory mechanisms, e.g. public enforcement and self-regulation? This article critically discusses these questions. Firstly, by some case studies, it exploits recent development of private enforcement of securities law in three different dimensions: enhanced judicial independence, enhanced professional and discretionary abilities, and technological enhancement of judicial practice. Secondly, by comparing with self-regulation regime, it generates the competing advantages of the private enforcement of securities law in the Chinese context.
Keywords: Chinese Securities Law, Regulation, Private Enforcement of Securities Law, Self-regulation
JEL Classification: K22
Suggested Citation: Suggested Citation