This book is a comprehensive and detailed study of the information disclosure system in the Chinese securities market. Covering China, the UK and Hong Kong, it examines the listed companies, stock exchanges, securities companies, financial intermediaries, financial regulators and investor protection of the system. The book looks at the role and functions of the securities regulatory commission, and highlights the details and insights that generally reveal the past and current status of the information disclosure regime in the Chinese securities market. By identifying problems and their...

Listing by companies from one country on the stock market of another country is a device often used both to raise capital in, and to increase bonding with, the target country. This book examines the listing by Chinese companies on the Hong Kong stock market. It discusses the extent of the phenomenon, compares the two different regulatory regimes, and explores the motivations for the cross-listing. It argues that a key factor, in addition to raising capital and bonding with the Hong Kong market, is Chinese companies desire to encourage legal and regulatory reforms along Hong Kong lines in...