Wildy logo
(020) 7242 5778
enquiries@wildy.com

Wildy’s Book News

Book News cover photo

Vol 21 No 10 Oct/Nov 2016

Book of the Month

Cover of Criminal Injuries Compensation Claims

Criminal Injuries Compensation Claims

Price: £99.95

Pupillage & Student Offers

Special Discounts for Pupils, Newly Called & Students

Read More ...


Secondhand & Out of Print

Browse Secondhand Online

Read More...


China's Listed Companies. Conflicts, Governance and Regulation


ISBN13: 9789041159250
Published: March 2015
Publisher: Kluwer Law International
Country of Publication: The Netherlands
Format: Hardback
Price: £134.00



Despatched in 3 to 5 days.

As in many transition economies, China’s legal infrastructure and enforcement is poor. A weak self-regulatory system and inefficient law enforcement makes it easy for controlling shareholders to manipulate control rights and maximize their own benefit, rather than that of investors.

This new book is the first to address the serious ‘tunneling’ or expropriation of minority shareholders by large shareholders in China’s listed companies.

It analyses the roles of three main interest groups:

  • controlling shareholders, who in a weak legal system can abuse control rights by tunneling assets, profits and business opportunities for their own benefits;
  • institutional investors, who may be institutional activists or market manipulators;
  • minority shareholders, who often suffer from expropriation and tunneling and require access to legal remedies.

Using a law and economics approach, the work sets out the current problems, and offers you solutions. It analyses the types of pervasive misconduct of large shareholders in China’s listed companies, and suggests concrete reform proposals toward effective protection of minority shareholders in the areas of regulation, enforcement, and the judiciary.

These reforms include recognizing the fiduciary duty of controlling shareholders, improving voting rights for minority shareholders, enhancing the disclosure system, and restricting insider trading and market manipulation.

Subjects:
Other Jurisdictions , China
Contents:
Foreword.
Preface.
List of Abbreviations.
List of Tables.
List of Figures.
CHAPTER 1 An Overview of China’s Stock Market.
CHAPTER 2 Outline.
CHAPTER 3 China’s State-Owned Listed Companies: Conflict of Interests and Institutional Settings.
CHAPTER 4 Family Controlled Listed Companies: CMS in Group Affiliates.
CHAPTER 5 Institutional Investors.
CHAPTER 6 Minority Shareholders.
CHAPTER 7 Evolution of CSRC’S IPO System (1992-Present).
CHAPTER 8 Exchange Policy and Openness of Stock Market.
CHAPTER 9 Investor Protection: A Perspective of Lawmaking.;
CHAPTER 10 China’s Securities Watchdog.
CHAPTER 11 The Role of People’s Courts in Private Securities Litigation: Passive Courts and Weak Investor Protection.
Conclusion.
Selected Bibliography.
Table of Cases.
Table of Statutes.
Index.