From scorned to loved? The political economy of the development of the stock market in China

Man Lai, Sonia WONG; Yong YANG

doi:10.1080/12265080903391826

From scorned to loved? The political economy of the development of the stock market in China

Man Lai, Sonia WONG, Yong YANG

Department of Finance and Insurance

Research output: Journal Publications › Journal Article (refereed) › peer-review

5 Citations (Scopus)

Abstract

This paper explains how and why the stock market, which is regarded as the embodiment of capitalism, has been allowed to develop and gain a prominent place among China's financial markets. That development has been consistent with the changing vested interests of the central government in its attempts to collect quasi-fiscal revenue from the financial sector, reflecting the stock market's growing importance as a tax-collection venue.

Original language	English
Pages (from-to)	409-429
Number of pages	21
Journal	Global Economic Review
Volume	38
Issue number	4
DOIs	https://doi.org/10.1080/12265080903391826
Publication status	Published - 1 Jan 2009

Funding

The Central Huijin Investment Corporation Limited was an investment vehicle set by the PBOC, which received funding from the PBOC.

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10.1080/12265080903391826

Cite this

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From scorned to loved? The political economy of the development of the stock market in China

Abstract

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