Corporate Governance and Financial Reform in China's Transition Economy

Preface 
Acknowledgments 

Chapter 1  Introduction 
1.1  The Relevance of Corporate Governance to China
1.2  The Impact of Economic Globalization on China's Corporate Governance Reform 
1.3  China and a Dynamic Theory of Corporate Governance 
1.4  Subjects of Investigation 

Chapter 2  Basic Concepts of Corporate Governance and Global Movements in Corporate Governance Reforms 
2.1  Basic Concepts of Corporate Governance 
2.2  Recent Corporate Governance Failures in the West and New Waves of Global Corporate Governance Reforms 
2.3  New Trends in Contemporary Corporate Governance Research 

Chapter 3  The History of China's Enterprise Reform and Emerging Corporate Governance Issues 
3.1  The First Stage of SOE Reform: Autonomy, Incentives, and Competition (1978–1992) 
3.2  The Second Stage of SOE Reform: Restructuring, Corporatization, and Ownership Diversification (1993–1997) 
3.3  The Third Stage of SOE Reform: Decentralized Privatization and the Need for Complementary Financial Reform (1997 to Present) 
3.4  Summary 

Chapter 4  Corporate Governance Practices of Major Types of Chinese Enterprises and Institutional Constraints on Corporate Governance Improvements during Transition 
4.1  The Enterprise Landscape in China 
4.2  Corporate Governance of SOEs 
4.3  Corporate Governance of Listed Companies 
4.4  Corporate Governance of Township and Village Enterprises (TVEs) 
4.5  Corporate Governance of Private Enterprises 
4.6  Important Questions Arising from Corporate Governance Reform in China 

Chapter 5  The Interaction between Capital Markets and Corporate Governance of Chinese Listed Companies 
5.1  An Overview of Important Aspects of China's Stockmarket 
5.2  Corporate Governance and Performance of Listed Companies in Domestic Market 
5.3  Overseas Listings and Corporate Governance of Chinese Companies 
5.4  Legal and Regulatory Reforms to Improve China's Stockmarket and Corporate Governance of Listed Companies 
5.5  Summary 

Chapter 6  Corporate Governance Reform of China's Banking System 
6.1  The NPL Problem and the Urgency of China's Banking Reform 
6.2  AMCs and NPL Disposal 
6.3  Recapitalizing the "Big Four" 
6.4  Shareholding Restructuring and Corporate Governance Improvements 
6.5  Egregious Corporate Governance Failures at the "Big Four" and Their Repercussions 
6.6  Overseas Listings of Chinese Banks 
6.7  Summary 

Chapter 7  The Chinese Experience in International Corporate Governance Debates 
7.1  China and Alternative Approaches to Corporate Governance 
7.2  China and the Debate on Global Convergence in Corporate Governance 
7.3  Corporate Governance Failures in Transition Economies: Lessons from Russian Privatization and Its Discontents 
7.4  Summary 

Chapter 8  Conclusion 
8.1  The Central Argument of This Book 
8.2  Re-interpreting "Gradualism" with Respect to Corporate Governance Reform and Related Financial Reform in a Transition Economy 
8.3  A Summary of Major Findings in This Book 
8.4  The Broad Implications of China's Gradualist Strategy for Corporate Governance Reforms and Related Financial Reforms for Developing and Transition Economies 

Appendix 1  Abbreviations 
Appendix 2  Chinese Government and Regulatory Agencies 
Appendix 3  Chinese Terms 
Appendix 4  Chinese Language Financial Newspapers and Journals 
Appendix 5  Glossary 
Index