Corporate Governance and China’s H-Share Market

Corporate Governance and China’s H-Share Market

Corporations, Globalisation and the Law series

Alice de Jonge

Using detailed case studies of the first nine mainland Chinese companies to be listed on the Hong Kong stock exchange, this book examines the evolution of corporate governance law and culture in China’s H-share market. A story emerges not of tensions between ideas of corporate governance from two different legal systems – Hong Kong vs mainland Chinese – nor about legal convergence as China adopts concepts from Anglo-American jurisdictions. Rather, it is a story of individual firms being pragmatic in mediating the different agendas of state-agencies that own or control them.

Table of legislation

Alice de Jonge

Subjects: asian studies, asian business, asian law, business and management, asia business, corporate governance, international business, economics and finance, corporate governance, law - academic, asian law, corporate law and governance, finance and banking law

Extract

HONG KONG: Securities and Futures Ordinance (Chapter 571) 2003 available online at http://www.sfc.hk/sfc/html/EN/legislation/securities/securities/securities/ html/. Hong Kong Stock Exchange Listing Rules. Update No 85. Updated 25 June 2007. Available online at http://www.hkex.com.hk/rule/listrules/ listrules.htm. MAINLAND CHINA Standard Opinion for Joint Stock Limited Companies issued on 15 May 1992 by the State Restructuring Commission. Administration of the Issuing and Trading of Shares Tentative Regulations promulgated on, and effective from, 22 April 1993 by Order Number 112 of the State Council. Published as Provisional Regulations on the Administration of the Issuing and Trading of Stocks in China Laws for Foreign Business – Business Regulation, para. 13-574. Also translated as Provisional Regulations on the Administration of Issuing and Trading of Shares, in I.A. Tokley & Tina Ravn (eds), Company and Securities Law in China (Sweet & Maxwell Asia, 1998) 179–196. Provisional Measures on the Prohibition of Deceptive Securities Dealing Activities. Approved 15 August 1993 by the State Council, promulgated 2 September 1993 by the Securities Committee of the State Council. Translated in China Laws for Foreign Business – Business Regulation, Para. 13-558 (17,225–17,241). Notice on Suspension of the Purchase of Overseas Enterprises and Further Strengthening the Administration of Overseas Investment (Guo Fa, 1993, No. 69), referred to in article 4 of the Notice regarding the Further Reinforcement of Administration on the Issues of Foreign Shares and Listing Overseas, translated in I.A. Tokley & Tina Ravn (eds), Company and Securities Law in China (Sweet & Maxwell Asia, 1998) 256–7. Accounting Law of the People’s...

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