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

Research output: Journal PublicationsJournal Article (refereed)Researchpeer-review

3 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 languageEnglish
Pages (from-to)409-429
Number of pages21
JournalGlobal Economic Review
Volume38
Issue number4
DOIs
Publication statusPublished - 1 Jan 2009

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stock market
political economy
China
financial market
taxes
capitalist society
revenue
Stock market
Political economy
Financial sector
Embodiment
Fiscal
Capitalism
Central government
Financial markets
Revenue
Vested interests
Tax collection

Cite this

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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.",
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From scorned to loved? The political economy of the development of the stock market in China. / WONG, Man Lai, Sonia; YANG, Yong.

In: Global Economic Review, Vol. 38, No. 4, 01.01.2009, p. 409-429.

Research output: Journal PublicationsJournal Article (refereed)Researchpeer-review

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