Chinese Companies and the Hong Kong Stock Market

1. Auflage 2013
ISBN: 978-0-415-64277-4
Verlag: Taylor & Francis Ltd

Buch, Englisch, 280 Seiten, Format (B × H): 164 mm x 235 mm, Gewicht: 564 g

Reihe: Routledge Economic Growth and Development Series

Listing by companies from one country on the stock market of another country is a device often used both to raise capital in, and to increase bonding with, the target country. This book examines the listing by Chinese companies on the Hong Kong stock market. It discusses the extent of the phenomenon, compares the two different regulatory regimes, and explores the motivations for the cross-listing. It argues that a key factor, in addition to raising capital and bonding with the Hong Kong market, is Chinese companies’ desire to encourage legal and regulatory reforms along Hong Kong lines in mainland China, in order to develop and open up China’s domestic capital markets.

Autoren/Hrsg.

Huang, Flora Xiao

Yeung, Horace (University of Exeter, UK)

Yeung, Horace

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft Internationale Finanzmärkte
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Internationale Finanzmärkte

Inhaltsverzeichnis

1. Introduction 2. Theoretical Foundations 3. Stock Market Development in China and Hong Kong 4. Weak and Strong Stock Markets: A comparison of securities regulation and enforcement between China and Hong Kong 5. Chinese Cross-listings in Hong Kong: Procedures and requirements 6. Company Level Evidence: Liquidity and bonding 7. Market and Institutional Legal Development Explanation: China’s legal and regulatory reform 8. Implications of Chinese Cross-listing: Market integration via dual listing and regulatory cooperation/competition 9. Conclusion

Über Autor(innen)

Flora Xiao Huang is a Lecturer in Commercial Law at the University of Leicester, UK.

Horace Yeung is a Lecturer in Commercial Law at the University of Leicester, UK.