Capital Markets

Chinese Capital Markets Research, Spring 2007

Chinese Capital Markets Research is currently published in Japanese only. A translation of the Table of Contents is provided here, with links, when available, to comparable reports in English on the website of Nomura Institute of Capital Markets Research. For other materials in English, please contact the author(s) or NICMR directly.

Contents

Introducing Chinese Capital Markets Research

Junichi UJIIE, President of Tokyo Club Foundation for Global Studies

Inside

Yasuyuki FUCHITA, Nomura Institute of Capital Markets Research, Ltd.

Economic System

Prospect of Ownership Reform—How to Overcome the Ideological Barriers
Chihung KWAN, Nomura Institute of Capital Markets Research, Ltd.

Macro Finance

High Investment Supported by High Savings—Doubts over the Sustainability of the Relationship
Chihung KWAN, Nomura Institute of Capital Markets Research, Ltd.
Coping with Rising Foreign Exchange Reserves
Bin XIA and Daofu CHEN, Financial Research Institute, Development Research Center of the State Council

Securities Markets

Reforms to Chinese Nontradable Shares
Takeshi JINGU and Suiyo RI, Nomura Institute of Capital Markets Research, Ltd.
The Resumption of IPOs—Some Observations
Yongsen LI, Finance and Securities Institute, Renmin University of China

Bond Markets

The Importance of the Development of the (Corporate) Bond Market
Xiaoqiu WU, Finance and Securities Institute, Renmin University of China

Corporate Finance

Corporate Governance of Listed Companies
Takeshi JINGU, Nomura Institute of Capital Markets Research, Ltd.
Legislation Related to M&A on the Move—What will Come Next?
Eiichi SEKINE, Nomura Institute of Capital Markets Research, Ltd.

Financial Institutions

Opening China's Banking Sector—Challenges and Responses
Xiaopu ZHANG, China Banking Regulation Commission

HOT TOPIC

The Impact of U.S. Treasury Secretary Paulson's Speech in Shanghai
Eiichi SEKINE, Nomura Institute of Capital Markets Research, Ltd.