|
Chinese Wall system in large finance and market
institutions —Experience and lessons of the Anglo-American
legal system
HUANG Hui,
Front. Law China. 2009, 4 (4): 489-506.
https://doi.org/10.1007/s11463-009-0026-z
Large modern professional finance and market institutions have inevitably been subject to conflicts of interest, and the Chinese Wall has been an innovation, if not always successful, which provides a convenient solution to those problems. The Chinese Wall is designed to get a balance between commercial reality and public confidence. Attitudes towards the Chinese Wall vary from country to country, depending on the level of such balance. Experience in the relevant industries, however, has cast doubt on the effectiveness of the Chinese Wall in protection of the interest of investors, which suggests the current Chinese Wall is far from ideal, and consequently there is still a long way to improve the design and enhancement of the Chinese Wall, calling for the development of a more supplementary and enforcement mechanism.
Related Articles |
Metrics
|
|
From a legal perspective to see the evolution
and transformation of land tenure institutions in China
WU Jian,
Front. Law China. 2009, 4 (4): 568-600.
https://doi.org/10.1007/s11463-009-0030-3
Through the discussion of property rights of land in the People’s Republic of China by examining the evolution of legal frameworks governing land institutions and that of the rights embodied, it traces out the development of urban and rural land tenure changes during the pre-reform era (pre-1978) and post-reform era (post-1978). Analysis shows that after thirty years of opening up and orientation towards a market economy, there is still a wide divergence of rights between urban and rural land tenure. Quasi-leasehold system of urban land tenure, accompanied by relatively well-established titling and registration procedures as well as an open market for transaction, has been established. In contrast, although the rural land contracting system has endowed farmers with thirty years of agricultural land usufruct rights and attempts to strengthen farmers’ tenure security have been made progressively over the years, farmers are yet not enjoying the full bundles of land rights. Imminent reforms in rural land tenure includes, but not restricted to, the following crucial areas: Farmers’ right to mortgage their land, a well-functioning land market, well-defined and just causes for land requisition written in law, a clear delineation of the different roles and rights of the collective and individual farmers.
Related Articles |
Metrics
|
7 articles
|