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Stock Exchange Executive Council

From Wikipedia, the free encyclopedia

TheStock Exchange Executive Council (SEEC;Chinese:中国证券市场研究设计中心) of thePeople's Republic of China was established to improve the efficiency of thesecurities market inmainland China.

According to research by Nottle (1993), the re-emergence of securities markets commenced under the introduction of theeconomic reform programme. The initiative was announced by then party Vice PremierDeng Xiaoping in 1978; under the planmarket forces would be brought to bear on theChinese economy and China's "doors would be opened" toforeign capital andentrepreneurs.

Under this economic reform, a number of experiments have been conducted over the part decades in order to facilitate the development of securities markets.

  1. September 1984, the firstjoint stock company and then one was commenced inShanghai in 1985 and inShenzhen in 1987
  2. Another experiment consisted of establishing securities trading markets such as,over-the-counter (OTC) market forshares andbonds was established in 1986.

To further improve theeconomic efficiency of the Chinese securities markets, eventually the Stock Exchange Executive Council (SEEC) was formed in March 1989 to create a nationwidetreasury bond trading system, theSecurities Trading Automated Quotations System (STAQs), which was established in December 1990.

See also

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References

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  • The Europa World Year Book
  • The development of China's stockmarket, 1984-2002: equity politics and market institutions (Stephen Paul Green, 2004)
  • Privatizing China: the stock markets and their role in corporate reform (Carl E. Walter, Fraser J. T. Howie, 2003)
  • China's capital market (Yebi Hu; Chinese University Press, 1993)
  • Monetary and exchange system reforms in China: an experiment in gradualism

External links

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