Capital Choices

Capital Choices
Author: Juergen Braunstein
Publisher: University of Michigan Press
Total Pages: 225
Release: 2022-02-01
Genre: Political Science
ISBN: 0472129961

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Sovereign wealth funds are state-controlled pools of capital that hold financial and real assets, including shares of state enterprises, and manage them to grow the nation’s base of sovereign wealth. The dramatic rise of sovereign wealth funds (SWFs) in both number and size—this group is now larger than the size of global private equity and hedge funds, combined—and the fact that most are located in non-OECD countries, has raised concern about the direction of capitalism. Yet SWFs are not a homogenous group of actors. Why do some countries with large current account surpluses, notably China, create SWFs while others, such as Switzerland and Germany, do not? Why do other countries with no macroeconomic justification, such as Senegal and Turkey, create SWFs? And why do countries with similar macroeconomic features, such as Kuwait and Qatar or Singapore and Hong Kong, choose different types of SWFs? Capital Choices analyzes the creation of different SWFs from a comparative political economy perspective, arguing that different state-society structures at the sectoral level are the drivers for SWF variation. Juergen Braunstein focuses on the early formation period of SWFs, a critical but little understood area given the high levels of political sensitivity and lack of transparency that surround SWF creation. Braunstein’s novel analytical framework provides practical lessons for the business and finance organizations and policymakers of countries that have created, or are planning to create, SWFs.

Chinese Companies and the Hong Kong Stock Market

Chinese Companies and the Hong Kong Stock Market
Author: Flora Xiao Huang
Publisher: Routledge
Total Pages: 280
Release: 2013-10-30
Genre: Social Science
ISBN: 1134671040

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Listing by companies from one country on the stock market of another country is a device often used both to raise capital in, and to increase bonding with, the target country. This book examines the listing by Chinese companies on the Hong Kong stock market. It discusses the extent of the phenomenon, compares the two different regulatory regimes, and explores the motivations for the cross-listing. It argues that a key factor, in addition to raising capital and bonding with the Hong Kong market, is Chinese companies’ desire to encourage legal and regulatory reforms along Hong Kong lines in mainland China, in order to develop and open up China’s domestic capital markets.

Hong Kong Listed Companies: Law & Practice 2nd Edition

Hong Kong Listed Companies: Law & Practice 2nd Edition
Author: Julia Charlton
Publisher: Wolterskluwer HK
Total Pages: 887
Release: 2022-09-07
Genre: Law
ISBN:

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With the Stock Exchange of Hong Kong’s Listing Rules being subject to constant review and revision, the author offers important updates on amendments and fresh regulations introduced since the first edition. Beginning with the basics – What is a public company? What is a stock exchange? Hong Kong Listed Companies: Law & Practice 2nd Edition works its way methodically through the SEHK’s many provisions for regulation and compliance. It is a volume of depth and substance which sets the standard for financial industry reference books. Key Benefits For participants and stakeholders engaged in stock market activities, this second edition of Hong Kong Listed Companies: Law & Practice 2nd Edition is an essential companion, providing the ultimate guide with regard to the Stock Exchange of Hong Kong’s (SEHK) exhaustive regulatory regime. Easy to follow, with information presented in logical order and plain language, this publication, expertly updated by experienced corporate finance lawyer Julia Charlton serves as an invaluable guide for seasoned practitioners, in-house counsel, chartered governance professional, accountants, other practitioners and students who require an understanding of the legal background and practical application of the rules and legislation that apply to listed companies. Other benefits included but not limited to: - Reduces time wastage and increases productivity by serving as a step-by-step guide to the understanding of the Listing Rules, the Securities and Futures Ordinance and the Companies Ordinance - Provides concise commentary on the law to aid readers in determining the best approach to adopt in line with their business needs - Case studies, diagrams, flow charts ease the company secretary’s day-to-day workflow, by illustrating the rules and giving examples of their application. Key Features The new 2nd Edition delivers more than 400 pages of new, and up-to-date commentary in relation to the Hong Kong Listing Rules: - These include but not limited to extensive changes to the sponsor regulatory regime introduced in 2013 and the major listing reforms in 2018 which added three new chapters (Chapter 8A, 18C and 19A) to the listing rules aimed at attracting the listing of Pre-revenue Biotech and Innovative Companies, including those with Weighted Voting Rights (WVR) structures and providing a new secondary listing route for companies primary listed on certain Qualifying Exchanges. - More recent listing reforms in 2021 – covering the listing regime for overseas issuers, Special Purpose Acquisition Companies (SPAC), the SEHK’s new Corporate Governance Code and the new requirements in relation to Environmental, Social and Governance (ESG) – are also highlighted. - How to handle ongoing obligations on listed companies under the Listing Rules. - Ongoing obligations on listed companies and their shareholders under other legislation, primarily the Securities and Futures Ordinance Cap. 671 (such as market misconduct, insider dealing, disclosure of interests).

The Rise of the Corporate Economy in Southeast Asia

The Rise of the Corporate Economy in Southeast Asia
Author: Rajeswary Ampalavanar Brown
Publisher: Routledge
Total Pages: 407
Release: 2007-01-24
Genre: Business & Economics
ISBN: 1134157541

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Backed by detailed empirical data, Raj Brown gives a comprehensive analysis of the rise of the corporate economy in Southeast Asia, focusing in particular on corporate organization, methods of finance, business environment and corporate governance.

International Political Economy in Context

International Political Economy in Context
Author: Andrew C. Sobel
Publisher: CQ Press
Total Pages: 625
Release: 2012-08-28
Genre: Political Science
ISBN: 1483301788

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Although many international political economy texts offer good descriptions of what events have occurred in global economic and political relations, they fail to develop explicit theoretical frameworks explaining why. Andrew C. Sobel's International Political Economy in Context: Individual Choices, Global Effects takes a micro approach to IPE, grounding policy choices in the deliberations and competitive environs of domestic politics and decision-making processes. Sobel builds students' skills for a sophisticated understanding of how and why events unfold in the international political economy. Armed with the primary assumptions and structural/macro conditions of economic and political geography in the global arena, as well as an understanding of micro-level conditions and mechanisms and their shortfalls that influence political and economic outcomes, students are able to make sense of past and present changes in the global political economy. International Political Economy in Context offers a compelling, accessible, and fully integrated rational choice perspective on international political economy.

Overseas Business Reports

Overseas Business Reports
Author: United States. Bureau of International Commerce
Publisher:
Total Pages: 420
Release: 1962
Genre: Commerce
ISBN:

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The Digital War

The Digital War
Author: Winston Ma
Publisher: John Wiley & Sons
Total Pages: 416
Release: 2020-12-15
Genre: Business & Economics
ISBN: 1119748984

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What new directions in China's digital economy mean for us all China is the largest homogenous digital market on Earth: unified by language, culture, and mobile payments. Not only a consumer market of unrivaled size, it's also a vast and hyperactive innovation ecosystem for new technologies. And as China's digital economy moves from a consumer-focused phase to an enterprise-oriented one, Chinese companies are rushing to capitalize on ways the newer wave of tech—the Internet of Things, AI, blockchain, cloud computing, and data analytics (iABCD)—can unlock value for their businesses from non-traditional angles. In The Digital War, Winston Ma—investment professional, capital markets attorney, adjunct professor of digital economy, and bestselling author—details the profound global implications of this new direction, including how Chinese apps for services such as food delivery expand so quickly they surpass their U.S. models within a couple of years, and how the sheer scale and pace of Chinese innovation might lead to an AI arms race in which China and the U.S. vie aggressively for leadership. How China's younger netizens participate in their evolving digital economy as consumers, creators, and entrepreneurs Why Online/Office (OMO, Online-merge-with-Offline) integration is viewed as the natural next step on from the O2O (Online-to-Offline) model used in the rest of the world The ways in which traditional Chinese industries such as retail, banking, and insurance are innovating to stay in the game What emerging markets can learn from China as they leapfrog past the personal computer age altogether, diving straight into the mobile-first economy Anyone interested in what's next for Chinese digital powerhouses—investors, governments, entrepreneurs, international business players—will find this an essential guide to what lies ahead as China's flexes new digital muscles to create new forms of value and challenge established tech giants across the world.