The Legal & Regulatory Framework of Securities Markets in the PRC

TLH03/02

29 Pages Posted: 18 Nov 2002

Multiple version iconThere are 2 versions of this paper

Date Written: 1999

Abstract

In its quest for foreign investment, the People's Republic of China (PRC) developed its securities markets in the mid-80s. This paper examines the process by which the PRC developed its securities markets including an analysis of the ideological debates surrounding the opening of the securities markets. The second part of the paper contains the legal and regulatory framework of the securities markets built up by the author from an array of fragmented legislation passed by the Chinese authorities in a span of 15 years. The paper looks at the regulation of the principal players such as dealers and brokers, insider dealing and the rules governing listing and flotation of Chinese companies on the Shenzhen and Shanghai Stock Exchange. It ends with a critical analysis of the problems facing the Chinese securities markets today.

JEL Classification: K2, K22

Suggested Citation

Tan, Lay Hong, The Legal & Regulatory Framework of Securities Markets in the PRC (1999). TLH03/02, Available at SSRN: https://ssrn.com/abstract=325481 or http://dx.doi.org/10.2139/ssrn.325481

Lay Hong Tan (Contact Author)

RHTlawtaylorwessing LLP ( email )

6 Battery Road
#10-01
Singapore, 049909
Singapore
63816858 (Phone)

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