中国股票所有权的分割、流通及对投资银行业的制约

I. IntroductionSince establishment of the two stock markets in Shanghai and Shenzhen, the markets havegrown substantially to over 1,200 listed companies in 2003. The total stock marketcapitalization reached over 45 percent of Chinas gross domestic product (GDP) as of April2000, a figure comparable to that in developed countries, according to Fung and Leung(2002, p.100). Development of the Chinese stock market is critically important, because itenables Chinese firms to raise external capi…     

中国的对外贸易与投资(英文)

I. IntroductionSince the inception of its economic reform in 1978, China has achieved remarkable economicgrowth, averaging about 9 percent before the Asian Financial Crisis in 1997 and more than9 percent in recent years. Two areas related to China’s economic growth deserve specialrecognition and analysis: international trade and investment. They are the two mostimportant forces related to external factors behind China’s economic reform and havecontributed significantly to China’s economi…