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Kenneth Lam |
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Kai Man Wong |
Over the last decade, China has launched various economic and enterprise reforms to accelerate its economic development. The decentralization of control and the movement of savings into the industrial and commercial sectors were enhanced when the domestic securities markets were opened up in 1990. A landmark development in 1993 meant that the well-established State-owned enterprises SOEs were able to raise equity funds through overseas listings in markets such as Hong Kong, New York, Singapore, and London. In the last 10 years, over US$83 billion HK$650 billion was raised by enterprises incorporated in the People s Republic of China PRC by listing on the domestic and international stock...
