The financial legal regulation of the securities market of The People’s Republic of China

Abstract

The article deals with issues related to the formation and development of the securities market in the People’s Republic of China. The features of the financial and legal regulation of this market are studied, taking into account the concept of «One country, two systems». Attention is paid to the financial and legal regulation of the securities market in the Hong Kong Special Administrative Region of China. The genesis of the securities market of this territory has been studied. The author points out that Hong Kong, being previously a colony of the British Empire, retained the Anglo-Saxon legal system and financial and legal regulation of the securities market independent from mainland China. The article also discusses the further development of the cryptocurrency market in China and Hong Kong. The author notes that at present, due to unfriendly actions towards Russia by a number of foreign states and international organizations, Russian legal entities are becoming more interested in expanding cooperation with China, taking into account the «yuanization» of the world economy, which in turn confirms the need for further study regulation of China’s securities market.