Suchergebnisse

Looking back at the policy of reform and opening -- China's fortress banking system -- The fragile fortress -- China's captive bond market -- The struggle over China's bond markets -- Western finance, SOE reform, and China's stock markets -- The National Team and China's government -- The forbidden city.

From village collectives in Southern China in the early 80s to the summer 1999 share rally, To Get Rich is Glorious provides a guide to twenty years of China's stock markets. The book analyses the changes that have occurred in all areas of China's securities business including legal, regulatory, share structure, issuers, investor base and market performance. Topics are placed in the context of the industry's overall development to highlight the market's current situation as China enters the new century

A person's identity is defined by the ways in which he or she is similar to and different from other persons in body, conduct, and thought. The identity of a tribe, nation or civilization is also defined by the ways in which it is similar to and is different from other social groups of its kind. A peculiar difficulty arises when the identity sought is that of a globalized mankind because there are no other mankinds with respect to which ours could establish its hallmarks of similarities and differences. A global society is a one-and-only system of its kind, as unique as is the object we call the universe or the idea of God, in monotheistic religions. To get around the difficulties posed by this uniqueness, the paper notes that all identities must include references to intentional conduct and hence to time. It then takes advantage of this necessary relationship and discusses some representative issues unique to a globalized mankind.

The human experience of time is that of an ever-changing present in which the future becomes past. By sharp contrast, the laws that govern the physical world do not allow any meaning to be assigned to a present. Since future and past, and the metaphor of time's flow make sense only with reference to a now, physical processes cannot, and do not, provide for a preferential direction of change. This paper shows how the undirected time of the physical world and the directed temporalities of life and of conscious experience may nevertheless be accommodated within a natural philosophy of time.