Chinese capital markets: Challenges to the China Model

Douglas Cumming, Alessandra Guariglia, Wenxuan Hou, Zhenyu Wu

Research output: Contribution to journalEditorialpeer-review


Eight years ago, The European Journal of Finance (EJF) published the first special issue on the Chinese Capital Markets. This was at a time when Chinese topics were not widely accepted by internationally excellent finance journals. Since then, The European Journal of Finance had published four special issues both containing and encouraging studies that reveal the unique institutions of China. This editorial summarises the articles included in this 5th CCM special issue and discusses a series of legislative and regulatory changes, which has strengthened the role of the Chinese Communist Party in the economy and society under the “Party leads everything” doctrine. We encourage future studies to examine their implications on finance and economics and believe that the results of such studies will be helpful for the CPC and the Chinese Government to shape future policies to ensure sustainable development.
Original languageEnglish
Pages (from-to)460-464
JournalThe European Journal of Finance
Issue number6
Early online date7 Feb 2019
Publication statusE-pub ahead of print - 7 Feb 2019


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