Research Handbook on International Financial Crime
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Research Handbook on International Financial Crime

Edited by Barry Rider

A significant proportion of serious crime is economically motivated. Almost all financial crimes will be either motivated by greed, or the desire to cover up misconduct. This Handbook addresses financial crimes such as fraud, corruption and money laundering, and highlights both the risks presented by these crimes, as well as their impact on the economy. The contributors cover the practical issues on the topic on a transnational level, both in terms of the crimes and the steps taken to control them. They place an emphasis on the prevention, disruption and control of financial crime. They discuss, in eight parts, the nature and characteristics of economic and financial crime, the enterprise of crime, business crime, the financial sector at risk, fraud, corruption, the proceeds of financial and economic crime, and enforcement and control.
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Chapter 22: Regulation of insider dealing in China from the perspective of protecting the integrity of the capital markets

Zhen Ye


The development of China’s economy has been well acknowledged. Playing a crucial role in this continuing process, the securities markets in China not only act as allocators of capital resources, but also guide China in a direction to a new economy that recognises and respects market forces. According to the regulator of China’s securities markets, the China Securities Regulatory Commission (the CSRC), there were 2,494 companies listed on China’s two stock exchanges in 2012, and the total market capitalisation was RMB 23.04 trillion (GBP 2.304 trillion), equivalent to 44.36 per cent of China’s GDP. It made China the second largest stock market in the world after the US by the end of 2012. The unfortunate corollary of the above achievements, however, has been a steep rise in abuses of the markets. As have many of its fellow countries, China has given increasing attention to the role of the law in shaping the character of the markets and their participants. This is because it is generally agreed that it is pivotal to foster the integrity of the market given its significance in maintaining a degree of investor confidence for sound, stable and efficient markets. The issues in controlling such abuses are many and varied. Insider dealing regulation has been selected on the basis that it has long been identified as one of the most serious problems of China’s securities markets.

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