China's listed companies
Subtitle: conflicts, governance and regulation
By: Jin Sheng
Series: International banking and finance law series -- volume 25; International banking and finance law series -- volume 25.
Publisher: Kluwer Law International
Published: 2015
Place of publication: Alphen aan den Rijn, The Netherlands
Language: eng
Number of pages: 389
ISBN-13: 9789041159250
Copyright date: 2015
Subjects: Corporation law; Law and legislation; Stock exchanges
Description: The number of interactions between China's stock markets and markets in other parts of the world continues to grow prodigiously. However, as in many transitional economies, insider control and inefficient law enforcement pose serious problems for the corporate governance of Chinese listed companies. Using a law and economics approach, this book first analyses the types of pervasive misconduct of large shareholders in China's listed companies, and then offers concrete reform proposals toward effective protection of minority shareholders in the interwoven areas of regulation, enforcement, and the judiciary. The author addresses the necessity for recognizing the fiduciary duty of controlling shareholders, for improving voting rights for minority shareholders, for enhancing the disclosure system, and for restricting insider trading and market manipulation.
Notes: Includes bibliographical references (pages 357-373) and index.