@book{oai:seijo.repo.nii.ac.jp:00003799,
 author = {王, 東明},
 month = {Feb},
 note = {The Chinese stock market was established in 1990. It has experienced a growth in market capitalization from nearly zero to over 37 trillion yuan  (RMB) at the end of 2014 and has become the second-largest market in the world now. Not only does it play an essential role in
 raising capital, but it also changes the ownership structure of state-owned enterprises into the stock market. These points have helped in the  establishment of China’s modern enterprise system and have given the Chinese stock market a crucial role in the transition economy.
This paper introduces some of the processes in the evolution of the Chinese stock market. It reveals some of the Chinese characteristics in decision  making and provides an analysis of the ownership structure and the corporate governance of the listed companies. This study also 
discusses the adoption of the corporation system, the role of individual investors and the creation of the stock market.
Finally, this article explains the concept of the “Sanpo Yoshi”, which brings benefit to all three parties such as listed companies, investors,  and government, and how the idea is helpful for the Chinese stock market, and describe why the government policy and the reform of state-owned  enterprises have had such a strong impact on the development of the Chinese stock market.},
 publisher = {成城大学経済研究所},
 title = {中国株式市場の形成と発展のロジックを考える : 「移行経済型市場」の形成を中心に},
 year = {2016}
}