Science Research Management

Science Research Management ›› 2007, Vol. 28 ›› Issue (3): 114-122.

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Law and investor protection in Chinese transition period: A comparative perspective

Ji Xiaoqing1, Cao Xiao2   

  1. 1. Institute of finance and economy, Shanghai University, of Finance and economics, Shanghai 20043, China;
    2. School of Finance, Shanghai University of Finance & Economics, Shanghai 200433, China
  • Received:2005-08-25 Online:2007-05-24 Published:2011-05-16

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Abstract: Legal protection of shareholder is the key variable determining the stock market development. Comparing China’s legal protection for shareholder with these of 13 transition countries’ whose stock markets set up at 1990’s based on "written law" and "law enforcement", it is found that the protection for investors provided by Chinese legal system is very limit, and the stock litigations in Chinese security market have proved this conclusion. Thereafter, some proposals to improve Chinese legal system are provided.

Key words: investor protection, written law, law enforcement, stock litigation

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