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Conference Paper: Regional competition and regulatory decentralization: the case of China

TitleRegional competition and regulatory decentralization: the case of China
Authors
Issue Date2007
PublisherWorld Economy and Finance Research Programme.
Citation
World Economy and Finance Research Programme Working Paper, p. 1-53 How to Cite?
AbstractThe Chinese regulatory decentralization has evolved since regulation was introduced in the transition process. The quota system is an important instrument in China's regulatory regimes. Stock issuance quota system for regulating public offerings in securities markets is a major example. We argue that under certain conditions quotas can generate proper incentives to induce regional governments to cooperate in implementing regulations nationwide. Four groups of evidence are provided that regulatory decentralization in China's financial market has created incentives for regional competition and decentralized information collection in stock issuance. Weaknesses and limitations of the Chinese regulatory decentralization are discussed.
Persistent Identifierhttp://hdl.handle.net/10722/153487

 

DC FieldValueLanguage
dc.contributor.authorDu, J-
dc.contributor.authorXu, C-
dc.date.accessioned2012-08-07T02:23:34Z-
dc.date.available2012-08-07T02:23:34Z-
dc.date.issued2007-
dc.identifier.citationWorld Economy and Finance Research Programme Working Paper, p. 1-53-
dc.identifier.urihttp://hdl.handle.net/10722/153487-
dc.description.abstractThe Chinese regulatory decentralization has evolved since regulation was introduced in the transition process. The quota system is an important instrument in China's regulatory regimes. Stock issuance quota system for regulating public offerings in securities markets is a major example. We argue that under certain conditions quotas can generate proper incentives to induce regional governments to cooperate in implementing regulations nationwide. Four groups of evidence are provided that regulatory decentralization in China's financial market has created incentives for regional competition and decentralized information collection in stock issuance. Weaknesses and limitations of the Chinese regulatory decentralization are discussed.-
dc.languageeng-
dc.publisherWorld Economy and Finance Research Programme.-
dc.rightsCreative Commons: Attribution 3.0 Hong Kong License-
dc.titleRegional competition and regulatory decentralization: the case of Chinaen_US
dc.typeConference_Paperen_US
dc.identifier.emailXu, C: cgxu@hku.hk-
dc.description.naturepostprint-
dc.identifier.spage1-
dc.identifier.epage53-

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