Wenxuan Hou – författare

In the past China’s capital market featured prevalent state ownership and a weak legal environment. It has, however, achieved very substantial development in the past two decades. China has surpassed Japan as the world’s second-largest stock market and has also emerged as a leading player in green bonds and Fintech markets. The chapters in this book provide insights on Chinese listed firms and advance the understanding of China’s unique institutions. Some important questions are covered including the governance role of foreign investors in partially privatized firms, the financial implications of political connections, the "Chinese model" of commercial banks and regulatory reforms that promote the marketization of the stock markets, among others. These studies have important implications for other emerging economies, on the recent China-US trade conflicts and about the Trump administration''s complaints about the role of the Chinese government in capital markets.

This book selectively includes the most influential articles from two special issues of The European Journal of Finance, which were based on selections of papers presented at a series of conferences on the Chinese Capital Markets.

In the past China’s capital market featured prevalent state ownership and a weak legal environment. It has, however, achieved very substantial development in the past two decades. China has surpassed Japan as the world’s second-largest stock market and has also emerged as a leading player in green bonds and Fintech markets. The chapters in this book provide insights on Chinese listed firms and advance the understanding of China’s unique institutions. Some important questions are covered including the governance role of foreign investors in partially privatized firms, the financial implications of political connections, the "Chinese model" of commercial banks and regulatory reforms that promote the marketization of the stock markets, among others. These studies have important implications for other emerging economies, on the recent China-US trade conflicts and about the Trump administration''s complaints about the role of the Chinese government in capital markets.

This book selectively includes the most influential articles from two special issues of The European Journal of Finance, which were based on selections of papers presented at a series of conferences on the Chinese Capital Markets.

This book presents an overview of the development of digital finance. It covers various aspects of digital

finance, including its definition, evolution, and importance in modern economics. It explores the interdisciplinary perspective of digital finance and its relationship with capitalism, and discusses the key factors influencing the development of digital finance, as well as the challenges and opportunities it faces. It also offers practical insights into digital finance, such as the innovative digital financial models and

platforms and the strategies of digital transformation in commercial banks. What is new about this approach is that the book takes a holistic view of digital finance, covering not only its economic and financial aspects but also its social and environmental impacts. It also offers a critical evaluation of the challenges and opportunities in digital finance from a global perspective. In this book, authors look into the impact of digital finance in various fields, such as monetary theory, wealth management, central bank digital currency, international monetary system, and network security and data privacy.