THE CHINESE SECURITIES REGULATORY COMMISSION AND THE REGULATION OF CAPITAL MARKETS IN CHINA |
| |
| Affiliation: | 1. Clinical Research and Knowledge Transfer Unit on Childhood Asthma, Research Centre, Sainte-Justine University Health Centre, Université de Montréal, Montreal, Quebec, Canada;3. Unité de recherche clinique appliquée, Research Center, Sainte-Justine University Health Centre, Université de Montréal, Montreal, Quebec, Canada;2. Department of Psychology, McGill University, Montreal, Quebec, Canada;4. Research Institute of McGill University Health Centre, Montreal, Quebec, Canada;5. Department of Epidemiology, Biostatistics and Occupational Health, McGill University Health Centre, Montreal, Quebec, Canada;6. Department of Pediatrics, McGill University Health Centre, Montreal, Quebec, Canada;7. Departments of Pediatrics and Social and Preventive Medicine, University of Montreal, Montreal, Quebec, Canada;1. Renmin Business School, Renmin University of China, Beijing, China;2. School of Economics and Management, Inner Mongolia University of Technology, Huhhot, China |
| |
| Abstract: | The rapid development of China’s capital markets necessitated the establishment of a regulatory agency that would administer market operations and protect investors’ interests. The Chinese Securities Regulatory Commission (CSRC) was established in 1992 for this purpose. In 1999, the Chinese Securities Law recognized the CSRC as the sole regulatory agency responsible for regulating securities instruments and markets in China. Although the CSRC is considered instrumental to Chinese accounting reforms and capital market development, it has remained relatively unexamined in the accounting literature. This paper contributes to the accounting literature by providing insight into an important regulatory agency that has enormous impact on the economic development of China. Specifically, this paper discusses the CSRC’s establishment and development, its regulatory efforts, and its achievements and shortcomings in its efforts to regulate China’s emerging capital markets. The underlying factors that explain some of the CSRC’s regulatory actions are also analyzed by discussing several cases involving fraudulent financial reporting. |
| |
| Keywords: | |
| 本文献已被 ScienceDirect 等数据库收录！ |
|
