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題名 China`s B-Share Market Reform: Capital Market Liberalization under Imperfect Currency Convertibility
作者 Ma, Shu-Yun
關鍵詞 China;stock market;B-shares;foreign investment;portfolio equity flow
日期 2001-07
上傳時間 14-Oct-2016 10:33:43 (UTC+8)
摘要 In February 2001, a major reform took place in China’s stock market. Domestic residents have since been allowed to trade B-shares, which formerly were available only to foreign investors. The change is an attempt to liberalize the capital market under imperfect currency convertibility. The primary objective is to achieve more efficient utilization of the growing private foreign exchange savings in the country, rather than to seek unification of the domestic and foreign share markets. This change is consistent with the ”easy-to-hard reform sequence,” which is a basic characteristic of China’s gradualist reform strategy.
關聯 Issues & Studies,37(4),149-161
資料類型 article
dc.creator (作者) Ma, Shu-Yun
dc.date (日期) 2001-07
dc.date.accessioned 14-Oct-2016 10:33:43 (UTC+8)-
dc.date.available 14-Oct-2016 10:33:43 (UTC+8)-
dc.date.issued (上傳時間) 14-Oct-2016 10:33:43 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/102755-
dc.description.abstract (摘要) In February 2001, a major reform took place in China’s stock market. Domestic residents have since been allowed to trade B-shares, which formerly were available only to foreign investors. The change is an attempt to liberalize the capital market under imperfect currency convertibility. The primary objective is to achieve more efficient utilization of the growing private foreign exchange savings in the country, rather than to seek unification of the domestic and foreign share markets. This change is consistent with the ”easy-to-hard reform sequence,” which is a basic characteristic of China’s gradualist reform strategy.
dc.format.extent 937616 bytes-
dc.format.mimetype application/pdf-
dc.relation (關聯) Issues & Studies,37(4),149-161
dc.subject (關鍵詞) China;stock market;B-shares;foreign investment;portfolio equity flow
dc.title (題名) China`s B-Share Market Reform: Capital Market Liberalization under Imperfect Currency Convertibility
dc.type (資料類型) article