The analysis is notable for its insistence that, for a corporate governance system to work, the principles and practicalities of that system must be derived from customary cultural norms. Experience shows that imported models, although they may be enshrined in law, lead to economic stagnation unless actual practice is monitored and reformed and the laws change to reflect these necessary adjustments. Thus the model proposed here begins with the Company Law of 1994, and proceeds to show how practical experience is already providing valuable data for the task of improving the law.
This book explores the rationalities and functions of securities markets and takeover activities. Focusing on the Chinese experience of utilizing the securities market as an effective mechanism of corporate control, this volume analyses the future development of China's financial market in the era of economic globalization. Providing an overview of the historical development of the securities market and a literature review of the economic functions of stock markets, Securities Markets and Corporate Governance also examines the legal regimes governing securities markets and takeovers in some leading corporate economies including the US, Germany, Japan and the UK. This volume then focuses on the Chinese experience, proposing a model which balances internal corporate governance and external market control for China.
This book focuses on the most serious social and economic challenges faced by China from a public international law perspective. The vast and diversified nature of public international law inspires the author to organize the book on a topic oriented basis, i.e. selecting five most crucial and interrelated issues in contemporary China to investigate and address. It reviews and evaluates China’s response to these challenges and its continuing efforts in searching for solutions to these problems. These issues are inter-related and mutually affective, and moreover, impact collectively on the nation’s standings in the international community. The country’s national stability and economic sustainability may be retained only when these issues are dealt with efficiently and appropriately. This is a timely and comprehensive book addressing the most crucial problems confronted by contemporary China in the field of public international law, mainly concerning border issues, natural resources, environment and corruption. The work not only addresses these issues separately, but also delineates their interrelationships. In doing so, the complexity of these issues is revealed to a full extent.
This book focuses on the most serious social and economic challenges faced by China from a public international law perspective. The vast and diversified nature of public international law inspires the author to organize the book on a topic oriented basis, i.e. selecting five most crucial and interrelated issues in contemporary China to investigate and address. It reviews and evaluates China’s response to these challenges and its continuing efforts in searching for solutions to these problems. These issues are inter-related and mutually affective, and moreover, impact collectively on the nation’s standings in the international community. The country’s national stability and economic sustainability may be retained only when these issues are dealt with efficiently and appropriately. This is a timely and comprehensive book addressing the most crucial problems confronted by contemporary China in the field of public international law, mainly concerning border issues, natural resources, environment and corruption. The work not only addresses these issues separately, but also delineates their interrelationships. In doing so, the complexity of these issues is revealed to a full extent.
The analysis is notable for its insistence that, for a corporate governance system to work, the principles and practicalities of that system must be derived from customary cultural norms. Experience shows that imported models, although they may be enshrined in law, lead to economic stagnation unless actual practice is monitored and reformed and the laws change to reflect these necessary adjustments. Thus the model proposed here begins with the Company Law of 1994, and proceeds to show how practical experience is already providing valuable data for the task of improving the law.
With China's rise as a new economic power, the economic and political relationship between Australia and China comes into a new area of development. China's need for capital, raw materials, high technology, and modern management skills has opened a range of opportunities for Australian industry and commerce. However, before making a substantial investment, an Australian investor needs to decide on which business structure is the most suitable for making the investment, a business alliance or a subsidiary. What are the advantages and disadvantages of the different business vehicles? Can the products of the new business be sold in the Chinese domestic market? Can invested capital be repatriated back to Australia? What are the tax implications in both China and Australia of setting up the new business? If a business alliance is established, how does the investor retain control over the new business entity? Does China have a sound political and legal environment which ensures the rights of a foreign investor and provides economic and legal certainty for the foreign investment activities? This book provides the first comprehensive analysis of the above issues. While giving general treatments to all possible investment vehicles, as well as legal and cultural background of China, it focuses the study on the problems facing the establishment of joint ventures between Australian investors and Chinese participants in China. The book will make an excellent contribution to the mutual understanding between Australian and Chinese business people.
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