Overview

The financial markets of Hong Kong and Singapore are leading examples in Asian financial development and regulation. Shanghai, which is developing its Free Trade Pilot Zone, is equally aiming to incorporate a sophisticated service market in order to upgrade, reform and reinvigorate the current economic model of development in China in the aftermath of the global financial and economic crisis. Streamlining administrative regulation is a precondition for its financial market to find root and play a central role in Asia and beyond. Finance, Rule of Law and Development in Asia offers a contextualized approach to the economic and political realities within Asian financial markets, especially in these three different jurisdictions. The volume adopts a comparative and precise account on the prospects and challenges in further developing these financial centres.

Full Product Details

Author:   Jiaxing Hu ,  Matthias Vanhullebusch ,  Andrew Harding
Publisher:   Brill
Imprint:   Martinus Nijhoff
Volume:   3
Dimensions:   Width: 15.50cm , Height: 3.00cm , Length: 23.50cm
Weight:   0.944kg
ISBN:  

9789004315808

ISBN 10:   9004315802
Pages:   526
Publication Date:   12 May 2016
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   Available To Order  
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Table of Contents

Acknowledgements Foreword List of Contributors Part I Financial Centres in Asia: Law & Policy The Rise of Singapore as International Financial Centre: Political Will, Industrial Policy, and Rule of Law Jiangyu Wang Inside the Singapore Financial Centre Dora Neo Hong Kong: Evolution and Future as a Leading International Financial Centre Douglas W. Arner Level Playing Field as an Institutional Challenge to China as a Socialist Market Economy Xianchu Zhang Regulating Internationalization of Currency: Comparative Experience in Asia Weitseng Chen A Small Difference in Wording, but a Big Difference in Rule-making: A Retrospective and Prospective View on the Development of China’s Economic Zones Jiaxiang Hu Finance, Rule of Law and Human Rights in China Matthias Vanhullebusch Part II Governing Financial Markets in Asia: Innovation and Financial Products Positioning Singapore as an International Centre for Fund-raising Alexander F. H. Loke A People’s Market of Hong Kong: Facilitating Crowdfunding of SMEs David C. Donald, George Mok & Adrian Fong New Risk Management Requirements in Hong Kong’s Corporate Governance Code: “More than Just a Box to Tick” Angus Young & Coral Huo Regulating P2P Lending in China: Industrial Landscape and Regulatory Approaches Wei Shen Regulating China’s Internet Money Market Funds: An Economic Perspective Xiaoye Jin Liberalizing Capital Market Entry in China: Building a Registration System Jing Leng Part III Financial Crimes in Asia: Anti-Corruption Enforcement Anti-Corruption Enforcement in Singapore Thong Chee Kun & Muslim Albakri Cracking the Whip on Financial Crimes in Singapore Hamidul Haq Role of the Criminal Law in Maintaining Hong Kong as an International Financial Centre Simon N. M. Young Anti-Corruption Law and Enforcement in Hong Kong: Keeping it Clean Michael I. Jackson Index

Reviews

The relationship between law and finance is one of symbiosis. A successful financial centre depends on a strong legal framework for regulation and dispute resolution; a robust legal sector is in turn enhanced by a thriving financial services community. Beyond such abstractions, however, there are different paths to becoming a truly global financial centre. Within Asia, for example, Singapore s top-down instrumentalism and Hong Kong s laissez-faire approach offer distinct models. Finance, Rule of Law and Development in Asia brings together leading scholars from across the region to explain how and why these two key jurisdictions came to rival London and New York as financial centres. The contributors also discuss the rise of China, in particular Shanghai, as well as governance challenges posed by new financial products and ongoing battles against corruption. For anyone who wants to understand the past or future regulatory challenges facing Asia s financial markets, this is an essential reading. Prof. Dr. Simon Chesterman, Dean of the Faculty of Law of the National University of Singapore

Author Information

Prof. Dr. Jiaxiang Hu, Ph.D (2003) in Law, University of Edinburgh, is Professor and Director of the Asian Law Center at the KoGuan Law School of the Shanghai Jiao Tong University. Dr. Matthias Vanhullebusch, Ph.D (2011) in Law, School of Oriental and African Studies (University of London), is Associate Professor and Executive Director of the Asian Law Center at the KoGuan Law School of the Shanghai Jiao Tong University. Prof. Dr. Andrew Harding, Ph.D (1987) in Law, Monash University, is Professor and Director of the Centre of Asian Legal Studies at the Faculty of Law of the National University of Singapore.

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