Financial Sector Reform and the International Integration of China [Hardcover]

China's economy, which continues to grow rapidly, is having an ever greater impact on the rest of the world. This impact is likely to be felt increasingly in the financial sector where China's foreign currency reserves, fuelled by the huge trade surplus, are a very significant factor in world financial markets. This book, based on extensive original research by a range of leading experts, examines many key aspects of current reforms in China's financial sector and China's increasing integration into the international economy. Subjects covered amongst many others include: the derivatives market in China; stock market liberalisation; the internationalization of accounting standards in China; the impact of international foreign direct investment by Chinese firms; and a discussion of the likely long-term economic effects of the Beijing Olympic Games.

Introduction.  Financial Sector Reform and the International Integration of China: An Overview Zhongmin Wu Part 1: Financial Sector Reform  1. The Internationalization of Chinas Auditing Standards: Developments and Challenges Jinyu Zhu and Simon S. Gao  2. The Collusive Analysis of Large Shareholders and Managers after Chinas Shareholder Splitting Reforms ZhenxinWu, Xufeng Zhang and Shuping Wang  3. Corporate Bond Performance in China and Its Default Spread Xiaobing Feng, Sharon Xiaowen Lin and Feng Zhao  4. Stock Market Liberalization and Liquidity: Firm Level Evidence from the Chinese Market WeiHuang  5. Analysis into IPO Underpricing and Clustering in Hong Kong Equity Market Yongyuan Qiao  6. Chinas RMB Exchange Rate Regime Option, Capital Integration, and Financial Development Ping He  7.&ls#