Anmerkungen:
In: Nomura Capital Market Review, Vol. 8, No. 3, pp. 42-59, Autumn 2005
Beschreibung:
China began dealing with the problems caused by the existence of nontradable shares in April 2005 as part of a fairly dramatic package of stock market reforms. The new rules make it possible to gradually sell on the market nontradable shares, which account for more than 60% of all shares issued by listed companies. Although the specifics of these reforms have not been completely worked out, the author expects the reforms to bring substantial change to China's corporate finance environment