The new PRC securities law: quality control on the securities market in China

Abstract

This paper provides an overview of the new Securities Law (“the Law”) of the People’s Republic of China, promulgated at the end of 1998. The analysis will be based on the objective of providing good quality control. The writer will ask whether the Law is sufficiently clear in setting up a securities law system in the PRC. The paper will conclude that the Law falls short of this goal by a considerable margin. This is mainly due to ambiguities in the Law. In addition, inherent characteristics of the PRC legal system also contribute towards this conclusion.

Citation

Lau, A.K.L. (2000), "The new PRC securities law: quality control on the securities market in China", Managerial Auditing Journal, Vol. 15 No. 1/2, pp. 53-59. https://doi.org/10.1108/02686900010304641