China's Capital Markets
While many large economies have slipped in recent years, China's has continued expanding. Real GDP growth has exceeded 7% per year since 1999. Many are interested in participating in this growth by purchasing shares in Chinese companies.
Laura Cha, Vice Chair of the China Securities Regulatory Commission, recently argued that China's economic reforms and expansion into new markets will dramatically improve China's capital markets while at the same time aligning them with international standards. She cited four driving forces for capital market development in China: a new economic growth model, the rapid growth of the private sector, the pressing need for pension reform and remarkable investor demand, and China's November 2001 entry into the World Trade Organization (WTO). She went on to discuss these opportunities and challenges in greater detail.
Cha's presentation was the keynote address in the Greater China Track of the December 2001 Anderson Forecast. The East Asia portion of the forecast was organized and sponsored by the UCLA Center of East Asian Studies (CEAS). Cha's presentation is available at the CEAS website.
The East Asian portion of the forecast was made possible by a generous gift by Wilbur Woo of Cathay Bank. The CEAS website offers additional information about doing business in China and about China's entry into the WTO.
Click here to read about the 2002 conference.
UCLA Asia Institute
Published: Tuesday, February 5, 2002