Chapter

Introduction

Leng Jing

in Corporate Governance and Financial Reform in China's Transition Economy

Published by Hong Kong University Press

Published in print June 2009 | ISBN: 9789622099319
Published online September 2011 | e-ISBN: 9789882206786 | DOI: http://dx.doi.org/10.5790/hongkong/9789622099319.003.0001
Introduction

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This chapter introduces the domestic and international backgrounds of the reform experienced by China's corporate governance. China may be viewed as an economy undergoing transition in terms of shifting from central planning towards a market economy faced with the world economy's rapid integration. As financial liberalization commitments have drawn attention to financial and enterprise sectors, China's accession to the World Trade Organization (WTO) has many different implications for its corporate governance reform. This chapter suggests that a dynamic theory of corporate governance may be used in understanding the experience of the country. Lastly, the chapter indicates that the main subjects of the book include China's small and medium state-owned enterprises (SOEs), large SOEs, village enterprises (TVEs), listed companies, private enterprises, and state-owned commercial banks.

Keywords: reform; corporate governance; state-owned enterprises; WTO; dynamic theory

Chapter.  9666 words. 

Subjects: Business and Management

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