Chinese Capital Markets: Challenges to the China Model

European Journal of Finance, Forthcoming

11 Pages Posted: 27 Jan 2019

See all articles by Douglas J. Cumming

Douglas J. Cumming

Florida Atlantic University

Alessandra Guariglia

University of Birmingham - Department of Economics

Wenxuan Hou

University of Edinburgh - Business School; University of Edinburgh - Business School; Shanghai Lixin University of Accounting and Finance

Zhenyu Wu

University of Manitoba

Date Written: January 15, 2019

Abstract

Eight years ago, The European Journal of Finance (EJF) published the first special issue on the Chinese Capital Markets. This was at a time when Chinese topics were not widely accepted by internationally excellent finance journals. Since then, The European Journal of Finance had published four special issues both containing and encouraging studies that reveal the unique institutions of China. This editorial summarises the articles included in this 5th CCM special issue and discusses a series of legislative and regulatory changes, which has strengthened the role of the Chinese Communist Party in the economy and society under the “Party leads everything” doctrine. We encourage future studies to examine their implications on finance and economics and believe that the results of such studies will be helpful for the CPC and the Chinese Government to shape future policies to ensure sustainable development.

Keywords: China, Government, Chinese Capital Markets

JEL Classification: G1, G3

Suggested Citation

Cumming, Douglas J. and Guariglia, Alessandra and Hou, Wenxuan and Hou, Wenxuan and Wu, Zhenyu, Chinese Capital Markets: Challenges to the China Model (January 15, 2019). European Journal of Finance, Forthcoming, Available at SSRN: https://ssrn.com/abstract=3316322

Douglas J. Cumming

Florida Atlantic University ( email )

777 Glades Rd
Boca Raton, FL 33431
United States

HOME PAGE: http://sites.google.com/view/douglascumming/bio?authuser=0

Alessandra Guariglia

University of Birmingham - Department of Economics ( email )

United States

Wenxuan Hou

University of Edinburgh - Business School ( email )

University of Edinburgh
29 Buccleuch Place
Edinburgh, Scotland EH8 9JS
United Kingdom

HOME PAGE: http://www.wenxuanhou.com

University of Edinburgh - Business School ( email )

University of Edinburgh
29 Buccleuch Place
Edinburgh, Scotland EH8 9JS
United Kingdom

HOME PAGE: http://www.wenxuanhou.com

Shanghai Lixin University of Accounting and Finance ( email )

Zhenyu Wu (Contact Author)

University of Manitoba ( email )

181 Freedman Crescent
Winnipeg, Manitoba R3T 5V4
Canada

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