Growth and Challenges in the Development of Institutional Investors in China

Liming Wang, Ningyue Liu and Shuo Wang
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Liming Wang: University College Dublin (UCD) and UCD Confucius Institute for Ireland
Ningyue Liu: Beijing Institute of Technology
Shuo Wang: American University

Chapter 5 in Developing China’s Capital Market, 2013, pp 97-127 from Palgrave Macmillan

Abstract: Abstract China’s rapid and sustainable growth since its economic reform in 1978, with an average gross domestic product (GDP) growth rate of 9.97 percent (China Stock Market and Accounting Research (CSMAR), 2012), has propelled it to become the second largest economy in the world. The total circulating capitalization of the stock market reached 16.5 trillion Chinese yuan (RMB) in 2011, a ten-fold increase in ten years (China Securities Regulation Commission (CSRC), 2012a). This provides enterprises with abundant capital for their growth, and has become one of the key channels for investment. The reform and opening-up of capital markets continuously stimulates the growth of institutional investors, and in turn, the institutional investors have brought in considerable capital through various investment strategies. Despite the heavy restriction on foreign and domestic institutional investors, they have already become an important player in China’s capital markets.

Keywords: Stock Market; Corporate Governance; Institutional Investor; China Security Regulation Commission; Security Company (search for similar items in EconPapers)
Date: 2013
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DOI: 10.1057/9781137341570_5

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