Logically, inevitability is the appearance of the trend to “Three Kinds of Foreign-invested Enterprises" (TKFIE) becoming exclusively foreign-owned enterprises (EFOE) run by transnational corporations in China. ...Logically, inevitability is the appearance of the trend to “Three Kinds of Foreign-invested Enterprises" (TKFIE) becoming exclusively foreign-owned enterprises (EFOE) run by transnational corporations in China. And the welfare analysis of this trend indicates its adverse impact upon China. We will offer in this paper the suggestion that capital market be opened and that transnational corporations be allowed to be listed in China as our policy for checking the said trend, and will elaborate the feasibility of this suggestion by three aspects: an analysis of cost-benefit after constituent companies in China of transnational corporations being listing in China; an analysis of Chinese investors’ cost- benefit; and the surplus effect that will promote the standardized growth of China’s stock markets.展开更多
文摘Logically, inevitability is the appearance of the trend to “Three Kinds of Foreign-invested Enterprises" (TKFIE) becoming exclusively foreign-owned enterprises (EFOE) run by transnational corporations in China. And the welfare analysis of this trend indicates its adverse impact upon China. We will offer in this paper the suggestion that capital market be opened and that transnational corporations be allowed to be listed in China as our policy for checking the said trend, and will elaborate the feasibility of this suggestion by three aspects: an analysis of cost-benefit after constituent companies in China of transnational corporations being listing in China; an analysis of Chinese investors’ cost- benefit; and the surplus effect that will promote the standardized growth of China’s stock markets.
