The re-balancing of China's economy will offer opportunities in various sectors and benefit small- and medium-sized enterprises. However, direct access to SMEs for international investors is often difficult. Private equity is well placed to benefit from this opportunity, and provides access to...

The Article examines the investor protection/capital formation balance with respect to private placements of securities. Specifically, it details various rule changes that were implemented over the years to enhance capital formation and other events that have occurred over the same timeframe...

We present an asymmetric information model to examine private placements issued to owner-managers. Our main conclusion is that allowing private placements to insiders can mit- igate, if not eliminate, the underinvestment problem. Our model predicts that announcement period returns for private...

As China's economy continues to grow and mature, the market for private placements will also grow. Economic prosperity will result in a greater number of investors seeking investment opportunities. Prosperity will also result in the greater demand for goods and services, fueling the creation of...

Empirical research and conventional wisdom indicate that key determinants of a vibrant private equity market include a deep and liquid stock market, light tax regime, more tolerant insolvency law and functioning legal system. In a comparative law sense, China has a bank-centred capital market...

Technological advances have changed our ability to acquire and save information, with far-reaching implications in legal discovery and evidence. In this paper, we analyze the interrelated effect of legal presumptions and discovery rules in incentivizing the voluntary adoption of private evidence...