investment transactions. Perhaps even more striking is the speed of China’s capital market growth. It took merely three decades … for China’s capital market to advance as the world’s second most meaningful market. Chinese firms—many of which are … obstructions, China’s illiberal governance system plays an important role in promoting market regularity, providing investors with …

paper explores how Japanese enterprises adjust ownership structures in their affiliates as a portfolio in China. Empirical … results show that: both demand uncertainty and industry growth opportunity in China enhance Japanese enterprises' ownership …