Corporate Accountability, Access to Credit, and Access to Markets in China's Financial System - the Rules and Their Ramifications for U.S. Investors (Paperback) (ISBN-13: 9781497346932)

In 2006, three of the four largest Chinese banks launched IPOs. Selling off a 10.5 percent stake in its business, the Bank of China issued over 25 billion shares raising $9.7 billion, ranking eighth in U.S. IPO history. This record level was invested despite corporate documents disclosing 75 cases of fraud and over $150 million in criminal conduct charges by employees. Chinese expansion into U.S. capital markets presents both opportunities and risks for companies and investors alike. There is substantial opportunity in the twin pledges made by the Chinese leadership to improve the transparency, governance and functioning of capital markets and to expand access for foreign financial service firms with the knowledge, expertise and products to improve productivity and growth.

Author: U. S. -China Economic and Security Revie
ISBN-10: 1497346932
ISBN-13: 9781497346932
Publisher: Createspace Independent Publishing Platform
Language: English
Published: 03/26/2014
Pages: 204
Format: Paperback
Weight: 1.47lbs
Size: 11.00h x 8.50w x 0.53d