What will you learn from this book
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Privatization and Reform: The book likely discusses China's efforts to transition from a state-controlled economy to a more market-driven system. It may explore the privatization of state-owned enterprises (SOEs) and the associated reforms.
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Economic Liberalization: Walter and Howie might analyze China's economic liberalization policies, including deregulation, opening up to foreign investment, and reducing government intervention in markets.
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Role of State-Owned Enterprises (SOEs): The authors might examine the role of SOEs in China's economy, their transformation, and the challenges associated with privatization or reforming these entities.
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Marketization and Competition: The book might discuss the importance of fostering competition and market forces in China's economy, emphasizing the benefits of a more competitive market environment.
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Investment and Capital Markets: Walter and Howie might delve into China's investment climate, capital markets development, and the role of both domestic and foreign investors in the privatization process.
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Legal and Regulatory Framework: The authors could explore the legal and regulatory changes necessary for successful privatization and market-oriented reforms, including corporate governance standards.
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Social and Economic Implications: The book might touch upon the social and economic implications of privatization, such as its impact on employment, income distribution, and overall economic growth.
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Challenges and Risks: Walter and Howie may discuss the challenges and risks associated with privatization efforts in China, including issues related to transparency, corruption, and the pace of reforms.
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Government Policies and Strategies: Analyzing government policies and strategies in driving privatization and market-oriented reforms might be a focal point, discussing the government's role as a facilitator or regulator.
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Global Economic Integration: The authors might explore how China's privatization and market-oriented reforms have influenced its integration into the global economy and its position in global markets.
| Language | English |
|---|---|
| ISBN-10 | 0-470-82120-5 |
| ISBN-13 | 9780470821206 |
| No of pages | 296 |
| Font Size | Medium |
| Book Publisher | John Wiley & Sons |
| Published Date | 15 Jul 2003 |
About Author
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Much is written about the various efforts aimed at reforming China’s state–owned enterprises. But in all this literature the Chinese government’s determined effort to use the equity capital markets as a tool of enterprise reform has been virtually ignored. The fact is that during the past decade this has been, and will continue to be, the principal thrust with regard to the reform of state–owned enterprises. On–again, off–again, noises about bankruptcy, M&A solutions and asset management companies are only sideshows in the process.
Carl E. Walter is a Managing Director of JP Morgan and Chief Operating Officer of its China businesses. Prior to joining JP Morgan in 2001, Mr. Walter was a Managing Director and member of the Management Committee of China International Capital Corporation. He was Chief Representative in Beijing for Credit Suisse First Boston from 1993–8. During his decade in China, Mr. Walter has participated in a number of pathbreaking international and domestic share listings and debt issues for Chinese companies, banks and the Ministry of Finance. He holds a PhD from Stanford University and a graduate certificate from Beijing University.
Fraser Howie is an independent financial analyst located in Beijing. Over the past ten years he has worked in Hong Kong trading equity derivatives at Bankers Trust and Morgan Stanley. After moving to China in 1998 he worked in the Sales and Trading Department of China International Capital Corporation then with a domestic retail financial services company and most recently with China M&A Management Company.