Securities and Capital Markets Law in China

This book presents a systematic and conceptualized account of Chinese securities and capital markets law, giving readers nuanced and practical understandings of law and practice in this field in China. It is structured to cover topics specific to foreigner investors in China such as foreign investment enterprises and cross-border mergers and acquisitions in China.

The cultural and political background to doing business in China is very significant when seeking to understand the current law in the country and it can be difficult to access information on that background. This book provides an explanation of the law and practice by setting the current law in the context of its development.

Part I of the book provides an overview of the capital markets in China, a contextual discussion of the market development and its characteristics, and a critical analysis of the regulatory framework and possible reform routes.

Part II is dedicated to the regulation of securities offerings and listings in China. It looks at both government approval requirements and information disclosure requirements.

Part III addresses the securities enforcement structure comprising the government regulator and self-regulatory bodies such as stock exchanges. It examines various forms of market misconduct including market manipulation and insider training.

Part IV focuses on mergers and acquisitions in China. It discusses domestic takeovers and cross-border mergers.

Robin Huang, Professor, Faculty of Law, The Chinese University of Hong Kong

Dr Robin Huang is Professor in the Faculty of Law at the Chinese University of Hong Kong (CUHK), Conjoint Associate Professor in the Faculty of Law at the University of New South Wales (UNSW), Sydney Australia, as well as Adjunct Professor, China University of Political Science and Law. Dr Huang specialises in corporate law, securities regulation, financial markets, and foreign investment with a particular emphasis on China-related issues. He has been admitted into practice in China and has gained experience in Chinese company and commercial law while in private practice.