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Contribution to Book
Geographies of finance : the state-enterprise clusters of China
The Oxford Handbook of the Sociology of Finance
  • Leung Sea, Lucia SIU, Lingnan University, Hong Kong
Document Type
Book chapter
Publication Date
1-1-2012
Publisher
Oxford University Press
Keywords
  • Chinese finance,
  • financial markets,
  • Hong Kong,
  • Taiwan,
  • public and private sectors,
  • regionalism,
  • market transactions,
  • commission fees,
  • cultural essentialism
Abstract
This article provides an overview of the main institutions involved in contemporary Chinese finance. It starts with a brief summary on the history of China's modern financial markets, and some factual description on the markets of mainland China, Hong Kong, and Taiwan. It proceeds to one short section on Bill Gates' two-tier theoretical framework, which provides helpful insights on China's economic and social structure throughout the ancient, republican, and communist periods. The main part of the article examines three aspects of Chinese markets: first, the relationship between public and private sectors; second, regionalism and local clusters; and third, examples of market transactions in the form of commission fees. The conclusion discusses the infiltration of politics in Chinese markets and cultural essentialism.
DOI
10.1093/oxfordhb/9780199590162.013.0024
Publisher Statement
Access to external full text or publisher's version may require subscription.
Additional Information
ISBN of the source publication: 9780198708773
Full-text Version
Publisher’s Version
Citation Information
Siu, L. S. L. (2012). Geographies of finance: The state-enterprise clusters of china. In Karin Knorr Cetina, & Alex Preda (Eds.), The oxford handbook of the sociology of finance (pp. 450-470). Oxford: Oxford University Press. doi: 10.1093/oxfordhb/9780199590162.013.0024