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China's securities markets are unlike those of Amsterdam, London or New York. Those markets evolved over centuries from … spontaneous securities markets did emerge throughout China in the 1980s following the start of economic liberalization, but these …
Persistent link: https://www.econbiz.de/10013131132
China's securities markets are unlike those of Amsterdam, London or New York. Those markets evolved over centuries from … spontaneous securities markets did emerge throughout China in the 1980s following the start of economic liberalization, but these … which the essay concludes.This paper was written in connection with an NBER project, "Capitalizing China." …
Persistent link: https://www.econbiz.de/10013139880
China's securities markets are unlike those of Amsterdam, London or New York. Those markets evolved over centuries from … spontaneous securities markets did emerge throughout China in the 1980s following the start of economic liberalization, but these …
Persistent link: https://www.econbiz.de/10012461944
This note discusses the basic economics of central clearing for derivatives and the need for a proper regulation, supervision and resolution of central counterparty clearing houses (CCPs). New regulation in the U.S. and in Europe renders the involvement of a central counterparty mandatory for...
Persistent link: https://www.econbiz.de/10011532033
According to statute, securities exchanges play an essential role in ensuring compliance with applicable laws and industry standards. Long imagined as unique in their institutional capacity to bring traders together, collect information and exclude problem participants from the marketplace,...
Persistent link: https://www.econbiz.de/10012855620
This paper discusses a detailed assessment report on the observance of China’s compliance with the International … semigovernment authorities. The China Securities Regulatory Commission has the ability to share public and nonpublic information with …
Persistent link: https://www.econbiz.de/10014396640
This paper discusses the findings of the Financial System Stability Assessment (FSAP) for China. Since the 2011 FSAP …, China's impressive economic growth has continued, and it is now undertaking a necessary but prolonged economic and financial …
Persistent link: https://www.econbiz.de/10011804317
China is taking a more active role on the world stage, even more so since its rapid and strong recovery from the global … China and abroad. This paper evaluates the current market infrastructure, including the legal and regulatory framework, for … securities trading, clearing and settlement in mainland China, and analyses the policy-making in this field. The paper finds that …
Persistent link: https://www.econbiz.de/10013069669