If the IPO volume from Hong Kong, which is an extension of the China capital markets, is added, the total volume from Greater China is 3.6 times greater than that of the United States.
In China the capital markets demand an extra 1, 316 basis points to compensate for the additional risk that international investors attribute to the lack of transparency and other governance issues.
Because China's capital markets are underdeveloped, limits on how insurers invest may be no more than prudent.
Forcing firms to rely more on external sources of financing should give China's capital markets a boost.
But as authors William Chandler and Holly Gwin explain in a recent study for the Carnegie Endowment for International Peace, China's capital markets are extremely small for a country its size.
Bringing domestic and foreign investors together in the same market would represent a tectonic shift in China's capital markets not least because it requires the dismantling or serious weakening of capital controls.
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Another factor is the structure of China's capital markets.
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Many Chinese management teams that are taking their companies public in China or in overseas capital markets do not understand what is required to run a publicly listed company.
Last year's Cox committee report concluded that China is using US capital markets as a source of military funding and a way to disguise efforts to acquire sensitive US technology.
The report, entitled "Capital Markets Transparency and Security: The Nexus Between U.S.-China Security Relations and America's Capital Markets, " was completed at the end of June, but only released last week for public comment.
Capital markets in China were closed for a national holiday and will reopen on Monday.
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Capital markets in China were closed for a national holiday and will reopen today.
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In terms of its capital markets, China is now where the U.S. was in the late 1970s.
Capital markets in China were closed for a national holiday on Thursday and Friday, and will reopen on Monday.
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In terms of its capital markets, China finds itself in the same situation that the United States did at the beginning of the 1980s.
Specifically, Paulson wants to see stronger and more efficient capital markets in China, increased domestic consumption and more exports from the U.S. to China.
"The government wants to see these companies subjected to harsh market scrutiny, " says Lin Shoukang, head of capital markets for China International Capital Corp.
Treasury Secretary Henry Paulson has also begun a "strategic economic dialogue" with China, aimed at bolstering capital markets in that country and encouraging U.S. investment there.
For financial investors, the slower growth in China, combined with difficult capital markets, are actually making the deals less expensive to buy and easier to negotiate.
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As China works to make its capital markets more modern and efficient, a system that allows investors to better understand the central bank's policy leanings is becoming more critical.
Such a debate can only enrich the Commission's understanding of the merits and limitations of capital markets transparency and leverage, and should help lay the groundwork for our Commission hearing on China's fundraising activities in the U.S. capital markets presently scheduled for December 6, 2001.
Citigroup launched an investment-banking joint venture in China, gaining access to its fast-growing capital markets.
It has also greatly strengthened the hand of those individuals and organizations that are trying to illuminate and discipline China's access to U.S. capital markets.
If, however, China's access to U.S. capital markets is impeded, the country could fall well short of its capital needs over the next decade, which could doom its hopes for modernization and social stability.
It is true that the Bank's lending has become more focused on social sectors recently, and it is also true that the majority of the world's poor people live in countries such as China or Brazil, which do have access to capital markets.
Having personally witnessed the transformation of the U.S. capital markets that took place at the beginning of the 1980s, and seeing what is happening in China today, I believe that we are at the early stages of a similar transformation of the capital markets here.
Casey Institute of the Center for Security Policy on China's presence in the U.S. capital markets and a review of the funding efforts of higher-risk foreign firms and governments in this country.
No bank or brokerage house, no business-news organization and no government agency comprehensively follows People's Republic of China, or PRC, penetration of U.S. capital markets.
Douglas Leone of Sequoia Capital, a big venture-capital firm, reckons that in emerging markets like China around 50% of start-ups backed by foreign venture capitalists in the internet and mobile sectors are copycats, and in markets like Brazil it is closer to 70%.
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When combined with funding the general cash deficits, these multitrillion-dollar Treasury operations will dominate the capital markets in the years ahead, particularly given China's de-emphasis of new investment in U.S. Treasurys in favor of increasing foreign direct investment, and Japan's and Europe's own sovereign-debt challenges.
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