Empirical Research on Privatization Process in Insurance Industry in China | |
Wang, Ya-ting1; Yang, Nan2 | |
2011 | |
关键词 | Insurance privatization state-owned equity capital |
页码 | 3161-3164 |
英文摘要 | This article examines patterns of changes in state-owned capital and private capital in Chinese insurance industry over a fifteen-year period, 1995 to 2009, to assess whether the boundaries of the state as a participant in insurance industry have significantly declined. The conclusion is that privatization in insurance industry presents different characteristics from other fields in which the state-owned economy shrinks and the private economy expands. Currently, state-owned capital still hold dominant position in Chinese insurance market and privatization in a significant way has not taken place. Nevertheless, the numbers of private insurance companies in China have increased and the volume of private equity capital has risen substantially, both in absolute volume terms as well as in investment per company. This trend has been pronounced in the post-2003 period, after reforms were introduced in China. Therefore, the private capital which is seeking short-term profits may result in the frequent changes of ownership in insurance companies. |
会议录出版者 | IEEE |
会议录出版地 | 345 E 47TH ST, NEW YORK, NY 10017 USA |
语种 | 中文 |
WOS研究方向 | Automation & Control Systems ; Engineering |
WOS记录号 | WOS:000298656803066 |
内容类型 | 会议论文 |
源URL | [http://10.2.47.112/handle/2XS4QKH4/3440] ![]() |
专题 | 上海财经大学 |
作者单位 | 1.Capital Univ Econ & Business, Sch Finance, Beijing, Peoples R China; 2.Shanghai Uni Finance & Econom, Sch Stat & Management, Shanghai, Peoples R China |
推荐引用方式 GB/T 7714 | Wang, Ya-ting,Yang, Nan. Empirical Research on Privatization Process in Insurance Industry in China[C]. 见:. |
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