Download This PaperLegal 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
Abstract
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
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