ABSTRACT
This conclusion presents some closing thoughts on the key concepts discussed in the preceding chapters of this book. The book discusses an irregularities exist in China's capital market. As a result, the purpose of promoting good corporate governance by placing companies under market control has not been well served. This poses a serious threat to the long-term prosperity of China's securities market. The book focuses on internal corporate governance in China. China initiated its economic reforms in 1979. It was the first socialist country carrying out fundamental economic reforms to effect a transformation from the planned economy to a market economy. To gain an understanding of China's financial market and regulation, it is crucial to first obtain a background overview of China's economic reforms. In sum, China's financial market and many Chinese enterprises are facing mounting pressure from international competitors and foreign investment funds in the post-WTO entry era. The country's economic reforms are in a crucial time.
