ICS Seminar Series

The presentation provides an account of the distinctive features of Chinese financialisation. It argues that in China, "mass financialisation" was strategically led by the state in an effort to compensate for the social outcomes that resulted from the dismantling of the communist model of collective work units (danwei) subsequent to the opening economic reforms launched by Deng Xiaoping. Since the opening of the stock exchanges in Shenzhen (1990) and Shanghai (1992), a wave of 'stock fever' (gupiaore) has swept the population. The presentation shows how the Chinese stock market offers a chance for further enrichment in the context of a shrinking welfare state ...(see flyer for full details).