Geographies of finance : the state-enterprise clusters of China

Leung Sea, Lucia SIU

Research output: Book Chapters | Papers in Conference ProceedingsBook Chapter

Abstract

This article provides an overview of the main institutions involved in contemporary Chinese finance. It starts with a brief summary on the history of China's modern financial markets, and some factual description on the markets of mainland China, Hong Kong, and Taiwan. It proceeds to one short section on Bill Gates' two-tier theoretical framework, which provides helpful insights on China's economic and social structure throughout the ancient, republican, and communist periods. The main part of the article examines three aspects of Chinese markets: first, the relationship between public and private sectors; second, regionalism and local clusters; and third, examples of market transactions in the form of commission fees. The conclusion discusses the infiltration of politics in Chinese markets and cultural essentialism.
Original languageEnglish
Title of host publicationThe Oxford Handbook of the Sociology of Finance
PublisherOxford University Press
Pages450-470
Number of pages21
ISBN (Print)9780198708773
DOIs
Publication statusPublished - 1 Jan 2012

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Keywords

  • Chinese finance
  • Hong Kong
  • Taiwan
  • commission fees
  • cultural essentialism
  • financial markets
  • market transactions
  • public and private sectors
  • regionalism

Cite this

SIU, L. S. L. (2012). Geographies of finance : the state-enterprise clusters of China. In The Oxford Handbook of the Sociology of Finance (pp. 450-470). Oxford University Press. https://doi.org/10.1093/oxfordhb/9780199590162.013.0024