China’s Emerging Capital Market

Francis A. Lees
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Francis A. Lees: St John’s University

Chapter 8 in China Superpower, 1997, pp 123-140 from Palgrave Macmillan

Abstract: Abstract The capital market enables a country to mobilize liquid savings for investment in suitable projects. When operating efficiently, capital markets allocate capital to sectors where investment will enjoy the highest productivity. China is in the earliest stage of developing its capital market. Nevertheless, this market is evolving rapidly, and exhibiting continuous structural adjustment and improvement.

Keywords: Stock Exchange; Equity Market; International Bond; Security Market; Joint Stock Company (search for similar items in EconPapers)
Date: 1997
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DOI: 10.1057/9780230371699_8

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