After three decades of economic transition, China has come to a stage in which its banking sector is under pressure to make structural adjustments in order to facilitate the new economic environment. This is one of the most crucial historical moments that will have a far-reaching impact on the...

As an enormous market, China's economic reforms have attracted great attention in the world. In the beginning, a contractual mechanism was introduced into the enterprise system. To many Chinese, it became clear that the only solution to China's enterprise defects was to introduce a modern...

The terms quot;one-tier-board systemquot; and quot;two-tier-board systemquot; are customarily used to classify corporate governance systems of different jurisdictions. There are also other species of systems that do not strictly fit in any of the two major descriptions.1 Nevertheless, it has...

The increasing economic globalization over the past two decades has raised considerable concern over the competitive capacity of public enterprises, which has, in turn, imposed pressure on the public sectors of all systems

International capital flows, including securities investment, are sixty times greater than trade flows. The speculative nature and volatility of securities markets affects national and global economies and also the lives of most individuals. China's fast economic and industrial growth has...