When the government is simultaneously the owner and regulator of the securities market, the evolution of securities market regulation follows a path of compulsory institutional change. China's government authorities have played a dual role in this process by acting both as the securities market...

Purpose – The purpose of this paper is to examine the evolution of China's securities market regulation from 1980 to 2007 and the dual role of the government in this process. Design/methodology/approach – When the government is simultaneously the owner and regulator of the securities market,...

Purpose – The purpose of this paper is to examine the evolution of China's securities market regulation from 1980 to 2007 and the dual role of the government in this process. Design/methodology/approach – When the government is simultaneously the owner and regulator of the securities market,...