Contents:
Part One: Theoretical Considerations 1. Stock Market Regulation and Institutional Change in Reform China
2. Investors, Bureaucrats and the Institutions of the Chinese State
Part Two: Local Institutional Capture 3. Nascent Equity Markets and Local Institution Building, 1984-90
4. Institutional Capture by Local Leaders: Share Issuance and Other Problems, 1993-2000
5. Equity Developmentalism Unbound: The Capture of Secondary Market Institutions in Shenzhen and Shanghai, 1995-97
6. The Shanghai and Shenzhen Stock Exchanges: From Local Control to 'Sons of the CSRC'
7. Local Institution-Making and the Securities Trading Centres
8. Institutional Creation and Development: The China Securities Regulatory Commission
9. Incoherence at the Centre: The State Council Securities Commission and CSRC/PBoC Relations
10. Drafting the Securities Law: The Role of the National People's Congress in Creating Institutions
Part Three: Conclusions 11. Socialist Market Regulation
12. China's Stock Market and the Changing Policy Priorities of the State Council
13. Equity Politics and Market Institutions