A groundbreaking title that explores the new and developing opportunities for foreign
investors in China’s transforming stock and capital markets, at this critical point in
their history.
From the foreword:
"Winston Ma's remarkably informed study of China's recent stock market developments
and the emerging opportunities they are providing to investors is a most welcome
contribution to modern financial literature."
Richard Sylla, Stern School of Business, New York University
Table of contents
Part I
1 Overview and Trends
2 Emerging Access to China’s Stock Market
Part II: Financial Innovations and New Offerings
3 Convertible Bonds
4 Warrants and Options
5 Exchange Traded Funds (ETF)
6 Stock Index and Index Products
7 Principal-Protected Investments
8 Short, Repo and Futures
Part III: Breakthroughs In-the-Making
9 M&A and Private Equity Funds
10 Management Buy-Out (MBO)
Review
Reviewed by Professor Ron Schramm, Columbia Business School, New York City
Investing in China by Winston Ma is an in depth description and analysis of the
state-of-play of the financial sector and financial reform in China. It describes the key
efforts - current and on the horizon - at modernizing China’s financial system. It
provides the necessary financial theory as a backdrop to the financial reform effort. It
catalogues in a very useful way, the various financial instruments which are, and
importantly, are still not permitted. Along the way we learn about the key institutions,
both in the Government sector and in the private sector, which are participating in China’s
transition to an economic powerhouse. The book is extremely current, clear and concise in
its explanations. It should be on the bookshelf of anyone who is interested in China’s
financial sector. I have recommended Investing in China to my EMBA students who are taking
the graduate seminar on China.
Reviewed by Dr Zhiwu Chen, Professor of Finance, Yale University School of Management
Winston Ma's book, Investing in China, offers a state-of-the-art coverage on what
investment vechicles are available today in China. Given the fast pace of financial
innovations there, his authoritative, detailed and practical introduction into China's
capital markets is timely and the most up-to-date. As is often the case, financial
products in China are not always exactly what their names would suggest to a Westerner.
Studying their "Chinese characteristics" is a must. This is a book recommended
for anyone interested in investment opportunities and recent developments in China.
Reviewed by Dr Rita E. Hauser, President of Hauser Foundation
Winston Ma is one of a young generation of brilliant Chinese legal scholars. He was a
prestigious Hauser Global Law School Scholar at NewYork University Law School,
specializing in investment and securities law. He thoroughly understands the workings of
China's emerging stock market. This book is one to be studied by all those considering
investment in China.
Reviewed by Lester Ross, Managing Partner, Wilmer Cutler Pickering Hale and Dorr LLP,
Beijing
Investing in China is a thorough and very readable explanation of the evolution and
current situation of China's stock market. It covers not just equities and quasi-equity
instruments, but also strategies for active as well as passive investors to enter and grow
in one of the world's largest and fastest growing economies. Few are better equipped to
handle a project of this breadth and complexity than Winson Ma, trained in the law and an
investment banker by trade, as comfortable in China as he is in New York.
Reviewed by Dr. Peter Zhang, Deputy Director General, China Banking Regulatory Commission
(CBRC)
Winson Ma's book is a comprehensive book covering major topics of the current Chinese
financial markets. His expertise in both legal and financial areas combined with his
understanding of the Chinese financial system make the book attractive to those interested
in the Chinese financial markets, particulary in the legal aspects and market innovation.
Reviewed by Norwood P. Beveridge, member of the faculty at Oklahoma City University,
School of Law
Every lawyer, market professional, and serious investor interested in gaining insight into
the securities markets in China should read, Investing in China. This book is particularly
relevant at a time when Chinese markets are in the process of intense structural reform
and are being opened up in unprecedented ways to foreign investors. The author, Winston
Ma, explains in a clear and concise manner the many fascinating details of Chinese
financial markets.
Hardback
300 pages
