At the end of 2012, the world witnessed a new administrative power take over China. With this shift came further reform to the corporate governance of Chinese state-controlled and privately-held listed companies. This new edition explores the enhancement of the control-based model of Chinese state-controlled listed companies (CSCLC) and the gradual influence of state power on Chinese privately-held listed companies (CPHLC)—a trend referred as state capitalism. The author contends that these latest institutional changes in the field of corporate governance in China have negatively impacted the efficiency of the legal ecology of Chinese domestic venture capital and in turn weakening China’s innovative ability.weiterlesen