The dynamic expansion of China’s equity market has placed corporate governance high on the country’s reform agenda. A strong corporate governance framework is considered crucial to the success of enterprise reform and capital market development. China’s leadership has generated strong momentum towards creating an efficient corporate governance framework. However, like other countries with significant state ownership, China faces the challenge of finding an appropriate balance between the government’s responsibilities as an active owner, and the need to refrain from undue political interference in the management of the company (particularly in the boardroom).
Policy makers, practitioners and experts on corporate governance in China and OECD countries participate in this dialogue, including the China Securities Regulatory Commission (CSRC), the Shanghai Stock Exchange (SSE), the State Assets Supervision and Administration Commission (SASAC) and the Development Research Centre of the State Council. The CSRC is an ad-hoc observer in the OECD Corporate Governance Committee.
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This self assessment by the China Securities Regulatory Commission looks at the institutional framework of corporate governance in China by assessing a broad range of laws, regulations and codes.