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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.
Price: $277.00
Pages: 526
Publisher: Brill
Imprint: Brill | Nijhoff
Series: Silk Road Studies in International Economic Law
Publication Date:
12 May 2016
ISBN: 9789004315808
Format: Hardcover
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
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
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.
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.