Abstract: This short piece looks at a recent book by Hui Huang, International Securities Markets: Insider Trading Law in China (Kluwer Law International, 2006). The book makes an important contribution to the literature on Chinese markets, for several reasons: its privileged insights into the operation of and perceptions of participants in the Chinese capital markets, its comparative perspective, and its unflinching critique of the clumsy adaptation of United States legislative models and other approaches to insider trading to the Chinese markets. Insider trading in the Chinese markets, according to interviewees, is widespread, rife, everyday, extensive, and ingrained. Everyone wants to be an insider, creating a vicious circle of insider trading. The state, as regulator and majority shareholder, may be the biggest market manipulator of all.
Publication Year: 2008
Publication Date: 2008-06-13
Language: en
Type: article
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