中国过渡经济股市的演变

1990年12月建立上海证券交易所是中国制度转型的标志性地标。考虑到这一点，作者认为，与机构变革有关的因素 - 例如金融体系的变化，股票市场的规模和结构，股票市场的运营效率和监管制度。

在其发展过程中，中国股市经历了频繁和多样化的自然的猜测，戏剧性波动和侵犯市场规定。因此，迫切需要在这一体积中包含的讨论，以建立适当订购和受监管市场的最佳程序政策。

The authors assess the operational performance of listed companies, and changes in the external environment such as the impact of China’s accession to the WTO on the stock market. The authors find that WTO accession will have a more serious impact on the more heavily protected agricultural sector and on capital-intensive industries such as automobile, instruments, cotton and wheat to name a few. They argue that the fundamental reason for the inefficiency of China’s stock market is the weakness of the competitive mechanism leading to imperfect competition and rent-seeking activity.

本书将对亚洲研究和金钱和金融的学者和研究人员感兴趣。跨国企业管理人员以及经纪人，经销商，商业经济学家和其他参与全球金融市场的其他人也将找到这本价值书。