• ISSN: 2010-023X
    • Frequency: Bimonthly
    • DOI: 10.18178/IJTEF
    • Editor-in-Chief: Prof.Tung-Zong (Donald) Chang
    • Executive Editor: Ms. Cherry L. Chen
    • Abstracting/ Indexing: Engineering & Technology Digital Library, ProQuest, Crossref, Electronic Journals Library , EBSCO, and Ulrich's Periodicals Directory
    • E-mail: ijtef@ejournal.net
IJTEF 2016 Vol.7(4): 157-162 ISSN: 2010-023X
DOI: 10.18178/ijtef.2016.7.4.516

Critical Issues of Corporate Governance in Chinese Listed Companies-Meet the Standard for a Stable Capital Market

Wan Fei
Abstract—When the Chinese stock market collapses in the summer of 2015, the government took measures and tried to stable the market. These interventions are still arguable whether it threaten the rule of law and market fairness. However, the panic from stock market are rooted in the people’s uncertain if they have access to the full information from the listed companies, and eventually, whether the companies are doing properly when they are publicly offering their stocks. The paper questions whether transparency is a principle that accepted by the listed company in China, and what are the problems associated with the corporate governance in the companies. The paper used a methodology of case study and interviews with company directors to point out number of common mistakes, and identify some critical issues on the corporate governance. In conclusion, the paper suggests the Chinese state owned enterprises reform plan needs going further and to be clarified in several crucial aspects. The paper then discuss about how the corporate governance should be improved and a standard in Chinese companies should be met for a stable Chinese capital market.

Index Terms—China stock market, corporate governance, company law, state owned enterprises, shareholders.

Wan Fei is with Zhaoqing University, Guangdong 526061 China (e-mail: phiwan@linkasialaw.com).

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Cite: Wan Fei, "Critical Issues of Corporate Governance in Chinese Listed Companies-Meet the Standard for a Stable Capital Market," International Journal of Trade, Economics and Finance vol.7, no.4, pp. 157-162, 2016.

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