2 July 2012 - Beijing, China
A China-OECD Policy Dialogue on Corporate Governance, officially established in 2004, acts as a platform for a structured policy debate between China and the rest of the world. The Policy Dialogue provides a forum for discussing corporate governance developments among policy makers, practitioners and scholars; supports reform by making available international experience and policy options to the Chinese corporate governance community; and informs the international community about corporate governance developments in China.
The participants in this Dialogue include the CSRC, the Shanghai Stock Exchange, the Shenzhen Stock Exchange, the State Assets Supervision and Administration Commission and the Development Research Centre of the State Council.
The high level discussion in the workshop on corporate governance, growth and innovation highlighted the importance China attaches to developing its capital markets to promote new growth companies and better paid jobs. The discussion provided some insights into China’s growth model and need to improve competitiveness, particularly in view of the global economic slowdown. If enterprises cannot access patient capital at low cost, they cannot develop nor create jobs. The equity market provides a much-needed bridge to match supply and demand. Corporate governance plays a key role in this respect, as sound corporate governance attracts long term investment, transparency, as well as the healthy and sustainable development of capital markets.
More about the China-OECD corporate governance policy dialogue