By Yin Chunquan　

Date: 2004/03/31

Abstract:

Stimulated by the favorable policies, China's property rights market is witnessing some new features and changes including the cross-regional integration, the state assets restructuring, and a robust M&A for enterprises. However, the following issues also ensued such as the selling of state assets at very low prices, malpractices in purchasing the state assets by managerial personnel and the lack of an early-warning system on the national economic security in the process of M&A. Based on an analysis of China's property rights market operation in 2003 and aimed at a better developed property rights market, this study makes some policy recommendations on setting forth clear division of central and local capital providers'liabilities, improving legal framework for market participants and the intermediary institutions, formulating relevant anti-monopoly laws and regulations and creating a nation-wide platform for property rights transactions.