Reforms of Non-Tradable Shares Opening the Way for the Privatization of Major State-Owned Enterprises

2 Pages Posted: 17 May 2006

See all articles by C. H. Kwan

C. H. Kwan

Nomura Institute of Capital Markets Research

Abstract

With two-thirds of the outstanding shares of listed companies owned by the state and non-tradable, the equity market in China has failed to act as a vehicle for privatization. Great progress in resolving this problem is forthcoming, however, thanks to government-led reforms that started in the spring of 2005.

Keywords: privatization, non-tradable shares, state-owned enterprises

JEL Classification: L33

Suggested Citation

Kwan, C.H., Reforms of Non-Tradable Shares Opening the Way for the Privatization of Major State-Owned Enterprises. Nomura Capital Market Review, Vol. 9, No. 1, 2006, Available at SSRN: https://ssrn.com/abstract=902301

C.H. Kwan (Contact Author)

Nomura Institute of Capital Markets Research ( email )

Urbannet Otemachi Building
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Tokyo, 100-8130
Japan

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