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

6 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.

Access to Document

10.1080/12265080903391826

Cite this

@article{c2cd2714e6334ff88c8356c851b8ee59,

title = "From scorned to loved? The political economy of the development of the stock market in China",

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.",

author = "WONG, \{Man Lai, Sonia\} and Yong YANG",

year = "2009",

month = jan,

day = "1",

doi = "10.1080/12265080903391826",

language = "English",

volume = "38",

pages = "409--429",

journal = "Global Economic Review",

issn = "1226-508X",

publisher = "Routledge",

number = "4",

}

TY - JOUR

T1 - From scorned to loved? The political economy of the development of the stock market in China

AU - WONG, Man Lai, Sonia

AU - YANG, Yong

PY - 2009/1/1

Y1 - 2009/1/1

N2 - 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.

AB - 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.

UR - https://www.scopus.com/pages/publications/77958137421

U2 - 10.1080/12265080903391826

DO - 10.1080/12265080903391826

M3 - Journal Article (refereed)

SN - 1226-508X

VL - 38

SP - 409

EP - 429

JO - Global Economic Review

JF - Global Economic Review

IS - 4

ER -

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

Abstract

Funding

Access to Document

Other files and links

Cite this