Privatizing China

Since the U.S. established diplomatic relations with China in 1979, the most striking development in that nation has been the evolution of its stock marketsin an economy still dominated by state ownership. The corporatization of state-owned enterprises and the listing of their shares on domestic and international markets signal a dramatic departure from that society's past. Privatizing China examines how the stock markets have evolved during 25 years of ownership reform and explains how the stock market has been a key component in reforming state enterprises. Written by an investment banker, finance scholar and Sinologist, this timely book offers full and frank opinions on both the up- and down-side of trading in China's stock markets.