Fung, Hung-Gay; Zhang, Yahong

A study of critical issues regarding China's financial markets and foreign direct investment. It considers the processes and prospects of economic reforms by looking at Chinese privatization efforts, ownership restructuring, changes in economic policies, currency markets, and more.

1. Introduction, Part I. Financial Markets: Institutions, Regulation, and Policy, 2. Financial Liberalization: Implications for Corporate Governance, 3. The Stability of the RMB in the Post-Asian Crisis Period, 4. A Retrospect on China's Banking Reform, 5. The Developments of Nonbank Financial Institutions, Part II. Recent Developments in Stock Markets, 6. The A- and B-Share Chinese Equity Market: Segmentation or Integration, 7. Ownership Restrictions and Stock-Price Behavior in China, 8. Market Structure, Volatility, and Performance of H Shares, Part III. Foreign Direct Investment, 9. China's Inward FDI Boom and the Greater Chinese Economy, 10. Taiwan's Outward Investment in Mainland China, 11. The Changing Trends of FDI Patterns in China, 12. Locational Advantages, FDI, and Technology Advance: Evidence of China, Part IV. Business Environment and Policy Issues, 13. United States-China-Taiwan: A Precarious Triangle, 14. International Business and Multinational Corporations in China, 15. Taiwan' s Recent Economy and Business Environment, 16. Opportunities and Challenges for Hong Kong in the New Millennium,
Editors and Contributors, Index