Capital account convertibility in China is on the rise. In this paper we consider the impact that removing remaining capital controls might have on the volume of China's international capital flows. Better understanding of this capital flow response can shed light on China's current degree of...

In 2005, a reform program was initiated in China's stock markets. It acted to increase the proportion of shares that were freely tradable in the markets and also paved the way for a decline in government ownership of listed companies. This paper considers the impact the reform program might have...

In 1949 Shanghai was the leading international financial center (IFC) in Asia. Recently the push of Shanghai to regain its long lost status of a regional IFC has begun to attract widespread interest. This paper first draws upon the IFC literature to highlight the factors that are considered to...