Realizing the re-emergence of the Chinese stock market: fact or fiction?

Vanderbilt Journal of Transnational Law | May 1, 1997| | Copyright

I. INTRODUCTION

The People's Republic of China (PRC) is positioned to make significant future economic strides, including the re-emergence of an internationally recognized stock market, based on its impressive track record over the past decade. However, the actual realization of the stock market's re-emergence may be a product of fiction, unless Chinese leaders resolve the inherent conflict between state ownership and efficient markets for privately-owned stock.

Section II gives a brief history of the recent development of the Chinese securities ...

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