By Yong Zhen (Auth.)
Capital markets in China contain inventory, bond, futures and different derivatives, in addition to the non-public fairness industry. China's Capital Markets is the 1st e-book to systematically learn China's capital markets, analyzing its evolution, guidelines, reforms, present scenario and demanding situations. Following an advent to China's capital markets and financial progress, the booklet strikes directly to disguise extra capital markets in China, together with: the banking approach, mergers and acquisitions, and valuation adjustment mechanisms, sooner than concluding with a dialogue of the hole up and internationalization of China's capital markets.
- Provides an total photo of China's capital markets together with: coverage research; case reviews; investor thoughts and behaviours; and proposals for fulfillment within the markets
- Offers various views, utilizing wealthy info and analysis
- This is the 1st booklet to systematically learn China's capital markets
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Additional resources for China's Capital Markets
Direct investment has been a new source of securities firms’ profit growth. A new business of securities firms is margin trading and selling short business. In March 2010, margin trading and selling short business were launched in mainland China. 5 billion Yuan to be in charge of margin trading and selling short business. Its shareholders are SSE, SZSE and CSDCC. 488 billion Yuan. The margin trading value was much higher than that of selling short business. Margin trading and selling short business can be a new revenue source of securities firms.
In 1996 and 1997, the total share quotas were 15 billion and 30 billion respectively. From 1995 to 1997, about 700 companies realized IPOs for fundraising of RMB 400 billion Yuan. The approval system had two procedures: local governments’ IPO approval and CSRC’s approval. When a company wanted to become an IPO, it first needed to obtain the approval of its local government or its supervisor, which recommended the company to CSRC for the final approval. After 2001, a qualification approval system was implemented.
The proposal for launching the board first emerged in 2009. On 29 April 2009, the State Council issued a document to promote building Shanghai into a global financial hub. The document proposed to allow foreign companies to issue Yuan-denominated shares in China. The Shanghai government then issued a document to support IB building. On 3 April 2010, the central bank, PBOC, issued 2009 International Financial Markets Report, in which preparing the launch of the IB was proposed again. The IB building has attracted many multinational firms.
China's Capital Markets by Yong Zhen (Auth.)