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date: 05 March 2021

Abstract and Keywords

This article provides an overview of the main institutions involved in contemporary Chinese finance. It starts with a brief summary on the history of China's modern financial markets, and some factual description on the markets of mainland China, Hong Kong, and Taiwan. It proceeds to one short section on Bill Gates' two-tier theoretical framework, which provides helpful insights on China's economic and social structure throughout the ancient, republican, and communist periods. The main part of the article examines three aspects of Chinese markets: first, the relationship between public and private sectors; second, regionalism and local clusters; and third, examples of market transactions in the form of commission fees. The conclusion discusses the infiltration of politics in Chinese markets and cultural essentialism.

Keywords: Chinese finance, financial markets, Hong Kong, Taiwan, public and private sectors, regionalism, market transactions, commission fees, cultural essentialism

Lucia Leung-sea Siu

Lucia Leung-sea Siu is Assistant Professor in the Department of Sociology and Social Policy, Lingnan University, Hong Kong. She is coeditor (with Donald MacKenzie and Fabian Muniesa) of Do Economists Make Markets? On the Performativity of Economics (2008), and council member of the Hong Kong Sociological Association. She got her PhD from the University of Edinburgh.

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