The Evolution of the Stock Market in China’s Transitional Economy

Advances in Chinese Economic Studies series

Chien-Hsun Chen and Hui-Tzu Shih, Chung-Hua Institution for Economic Research, Taipei, Taiwan

The establishment of the Shanghai Stock Exchange in December 1990 was a landmark in China’s institutional transformation. With this in mind, the authors consider the factors relating to institutional change – such as changes in the financial system, the scale and structure of stock market, operational efficiency and the regulatory system of the stock market.

‘Chen and Shih provide the reader with an excellent introduction to, and powerful analysis of, this new market.’
– Yinggang Zhou, Comparative Sociology

‘The book The Evolution of the Stock Market in China’s Transitional Economy by Chien-Hsun Chen and Hui-Tzu Shih offers valuable insights into the evolution and development of the Chinese stock market. The book was written with an important mission in mind – how to develop an efficient financial system that facilitates innovation and spontaneous evolution of the society.’
– Guojun Wu, Journal of Asian Business

‘Chien-Hsun Chen and Hui-Tzu Shih have produced an informative and insightful study of China’s stock market development. In The Evolution of the Stock Market in China’s Transitional Economy, the reader will find a straightforward account of the development of China’s stock markets that further clarifies the role China’s capital markets will play in the country’s financial future.’
——马克·t·冯中国布鲁里溃疡siness Review