Securities Offences in Post-Communist China: Socialist Market Economy and the Control of White-Collar Crime

Hongming Cheng, Simon Fraser University

ABSTRACT
paper examines rampant securities offences and enforcement mechanisms in China. The research material consists of all reported cases and other documents of the Chinese Securities Regulatory Commission from 1993 to 2000. The purpose of this paper is to explore the cultural and systematic roots of these offences, the social, political, economic and legal origins of securities regulation and how securities offences are dealt with by the Chinese Securities Regulatory Commission, in the context of so-called ≠Ýsocialist market economy≠Ů of the post-communist China. Although the pragmatic desire for market confidence of both domestic and foreign investors has forced the Chinese government to commit itself to improve the law against securities offences, the systematic dilemma of mixed economy and politics in the country makes the enforcement of securities offences even more difficult.

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Updated 05/20/2006