Operational mechanism and characteristics of China's primary and secondary stock markets

Yilei Zhang and W. A. Thomas

The development of China's equity market dates from the early 1980s when the shareholding system was inaugurated in certain trial cities andstocks began tobe issued. The authors discuss a series of features and problems in the primary market (issuing new securities) and the secondary market (trading in existing securities). (DÜI-Sen)

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Year of publication:	1999
Authors:	Zhang, Yilei
Other Persons:	Thomas, William Arthur (contributor)
Published in:	Journal of Asian business. - Ann Arbor, Mich. : Assoc., ISSN 1068-0055, ZDB-ID 1158907-3. - Vol. 15.1999, 1: Focus on Financial systems in Asia, p. 49-64
Subject:	Aktienmarkt \| Stock market \| Wertpapierhandel \| Securities trading \| Börsengang \| Initial public offering \| China \| 1990-1997