Privatizing China
Privatizing China is a complete account of the unlikely evolution of equity markets in an economy without a history or tradition of private property. It provides an up-to-date examination of the evolution of China's exchanges, the corporatization process, and issuance procedures informed with personal experience. Against this larger environment, this fascinating book shows how the different market players and the listed companies have performed over time.
Praise for Privatizing China
"Privatizing China demystifies one of the least understood institutions in china's reforming economy. The authors' thorough research and cogent analyses make this book essential reading for foreign investors poised to enter the securities markets of post-WTO china—or indeed, for any student of china seeking to make sense of the country's recent economic history."
— Catherine Gelb, Editor, The China Business Review, The US-China Business Council
"Carl Walter and Fraser Howie bring together a wealth of experience to this complex and deeply important topic. Their book contains a mine of invaluable quantitative and qualitative information as well as an incredible depth of knowledge. It is written in an absorbing fashion, with an abundance of penetrating judgments. It is essential reading for anyone investing in companies from mainland China."
— Professor Peter Nolan, Judge Institute of Management Studies, University of Cambridge
"This book will answer many people's questions regarding SOEs and the stock market. I think it is destined to become the standard reference work on the subject."
— Jean C. Oi, Director, Center for East Asian Studies, Stanford University