International Securities Markets: Insider Trading Law in China

This book offers the first detailed analysis of Chinaand#8217;s insider trading law, explaining what constitutes insider trading in China and what the consequences of unlawful insider trading might be there. More importantly, it suggests ways in which the law might more effectively prevent the occurrence of insider trading in the first place. Among the elements of the legal framework addressed by the author are the following:

and#8226; Who benefits from insider trading

and#8226; The issue of when information becomes public

and#8226; A comparative law treatment of the underlying theories of insider trading liability

and#8226; Private civil liability

and#8226; Damage caps

and#8226; Measures of recovery

The authorand#8217;s approach focuses on Chinaand#8217;s readiness to adopt foreign ideas without adequately assimilating them into the local context. In this connection, he sets out valuable reform proposals, using authority from field interviews with Chinese stakeholders as well as from comparative case law.