Financial Markets and Foreign Direct Investment in Greater China

by Zhang; Yahong

• ISBN13: 9780765608048
• ISBN10: 0765608049
• Format: Hardcover
• Copyright: 2001-10-31
• Publisher: Routledge

Summary

Based on rigorous state-of-the-art research techniques, this book deals with critical issues regarding China's financial markets and foreign direct investment -- key components of China's economic transformation.

Table of Contents

Introduction	3	(6)
Hung-Gay Fung
Kevin H. Zhang
Part I. Financial Markets: Institutions, Regulation, and Policy
Financial Liberalization: Implications for Corporate Governance	9	(11)
Hung-Gay Fung
Wai Kin Leung
The Stability of the RMB in the Post--Asian Crisis Period	20	(18)
Gene Hsin Chang
A Retrospect on China's Banking Reform	38	(16)
Wai Chung Lo
The Developments of Nonbank Financial Institutions	54	(45)
Martin Hovey
Part II. Recent Developments in Stock Markets
The A-and B-Share Chinese Equity Market: Segmentation or Integration	99	(16)
Wai Kin Leung
Hung-Gay Fung
Ownership Restrictions and Stock-Price Behavior in China	115	(22)
Kam C. Chan
Louis T.W. Cheng
Joseph K.W. Fung
Market Structure, Volatility, and Performance of H Shares	137	(28)
Xiaoqing Eleanor Xu
Part III. Foreign Direct Investment
China's Inward FDI Boom and the Greater Chinese Economy	165	(17)
Kevin H. Zhang
Taiwan's Outward Investment in Mainland China	182	(22)
Jack W. Hou
Kevin H. Zhang
The Changing Trends of FDI Patterns in China	204	(14)
Changhong Pei
Locational Advantages, FDI, and Technology Advance: Evidence of China	218	(39)
Seung H. Kim
Hongxin Zhao
Jianjun Du
Part IV. Business Environment and Policy Issues
United States-China-Taiwan: A Precarious Triangle	257	(12)
Murray Weidenbaum
International Business and Multinational Corporations in China	269	(16)
Xiaohua Yang
George M. Puia
Wang Guo An
Taiwan's Recent Economy and Business Environment	285	(4)
Elizabeth Chu
Opportunities and Challenges for Hong Kong in the New Millennium	289	(12)
Raymond Fan
Editors and Contributors	301	(2)
Index	303