Bücher der Reihe Contemporary Chinese Civil and

This book consists of general reports of the International Conference on Judicial Management from Comparative Perspective. This conference held on November 8¿10, 2017, at Tianjin University, was organized by China Law Society (CLS) and International Association of Procedural Law Congress (IAPL). The general reporters are prominent scholars who have been selected worldwide by the IAPL Presidium to organize national reporters who shall do researches of his/her own state under the guide of the general reporter¿s questionnaire on the specific subject. By this way, the comparative studies are trying to depend on national researches but overcome the general style of ¿talk past each other.¿ Moreover, the general reports summarize and give comment on the various system, phenomena or situation from comparative perspective, from which the audience will read their own orientation, doctrines and theories.

This book studies an overarching question of the challenges faced by Chinese lawmakers, Chinese listed companies, Chinese companies¿ external advisers, and securities regulators in dealing with Chinese cross-border listed companies¿ continuous disclosure in Australia, and how can these challenges be addressed. Chinese listed companies are struggling to meet the continuous disclosure requirements while listing in Australia and have even been depicted as having poor corporate governance and transparency. Many get delisted from the securities market in Australia subsequently due to non-compliance in continuous disclosure or are straight rejected from listing because of continuous disclosure compliance concerns. This book cuts in from this angle and delves deep into the overarching question through the following four sub-questions: What are the theories and policies behind the continuous disclosure regimes in Australia and China and how have they been differently implemented in the securities markets in these two countries? What are the deficiencies, at the intracompany level, contributing to Chinese cross-border listed companies¿ non-compliant continuous disclosure in Australia? What are the limitations, from the perspective of external advisers¿ efforts, contributing to Chinese cross-border listed companies¿ non-compliant continuous disclosure in Australia? What are the difficulties, at the regulatory level, contributing to Chinese cross-border listed companies¿ non-compliant continuous disclosure in Australia? In addressing these questions and putting forward corresponding reform proposals, this book takes not only legal but also historical, cultural, and political-economic factors into consideration.