Mary Ip

Cooperatives in China - A Promising Player in Chinese Economy: Guest Editors' Introduction

(2014). Cooperatives in China—A Promising Player in Chinese Economy. The Chinese Economy: Vol. 47, No. 4, pp. 3-7.

China (Shanghai) Pilot Free Trade Zone—An Appraisal

Chinese economic reform is an ongoing process and the recent notable development is the China (Shanghai) Pilot Free Trade Zone (SPFTZ). SPFTZ was set up in 2013 for a trial period of three years. Given the SPFTZ is approaching its final trial period in 2016, this special issue entitled “China (Shanghai) Pilot Free Trade Zone—An Appraisal” provides a current review of the SPFTZ, with reference to particular areas including financial credit, employment, arbitration, and intellectual property. This special issue contains eight concise articles which are written by senior academics and practitioners who are located in Shanghai; thus, they have geographic advantage to receive first-hand information about the operation of the SPFTZ. Although the authors are legal experts, their articles are written with nonlawyers in mind and are readable for readers from various disciplines. While all articles have made equally important contributions to this special issue, they are organized in the following order for structural purpose only. The first article, written by Jiaxiang Hu, is entitled “A Retrospective View on the First Three Years of China (Shanghai) Pilot Free Trade Zone”. Hu’s article sets the scene for this special issue by providing a very concise and informative overview of the SPFTZ. His article begins with an introduction tracing the developmental path of the special economic zone (SEZ) and examining the chronological incidents which led to the central government’s decision in setting up the SPFTZ. Hu also discusses the different features between a traditional SEZ and the SPFTZ; for example, SPFTZ offers no preferential treatment which used to be the attraction of SEZ. Hu then explains why Shanghai was hand-picked as the pilot zone site and the objectives behind the design of SPFTZ’s “Negative list”—which aim to streamline the central government’s administrative power and facilitate widening of market assess. In the last session, none defined

The Global Financial Crisis: Role of Law in China

In general, Chinas response to the global financial crisis was not very different from that of other countries: a stimulus package worth trillions of renminbi, aimed at encouraging domestic consumption. At the same time, China realized that containing the economic havoc would also require the adoption of new legal measures. Consequently, a series of rules and regulations was promulgated as part of the countrys strategic response to the crisis. The objective of this article is to examine the role of law in promoting economic stability in China during the financial crisis. The discussion focuses on contract law and bankruptcy law. How well does the regulatory regime address the economic dislocation of the global downturn? To what extent has the administration of policy contributed to the revitalization of the Chinese economy?

The Global Financial Crisis and Beyond: Legal Responses and Special Topics

3 Mary Ip is a lecturer at the University of New South Wales, Australia, a member of the China Working Group of the International Legal Service Advisory Council of the Federal Attorney General’s Department Australia, and an inaugural member of the China Focus Group of the Australia Law Council. The author thanks Professor Hung-Gay Fung for his professional guidance, support, and patience in the preparation of this manuscript. The Chinese economy, vol. 45, no. 3, May–June 2012, pp. 3–7.

Chinese Financial Markets: Regulators and Current Laws

China’s economy has been growing rapidly since the late 1970s and is expected to maintain this momentum in the foreseeable future. Coupled with the biggest population in the world, there is tremendous growth potential for China’s capital markets and financial services industry, both vital to the continued development of the economy. The contributors present research on all facets of China’s markets including: stock and bond markets; futures and over-the-counter markets; regulatory issues; and the development and roles of financial institutions such as brokerage firms, banks and insurance companies. Also addressed are the recent performance of equity markets, the emergence of small and medium enterprises, and the state banks’ bids to be listed in overseas stock exchanges. Taken together, the book sheds a welcome light on China’s overall economic growth.