An acclaimed Chinese writer makes his English language debut with this heart-stopping literary noir, a richly atmospheric tale of espionage and international intrigue, set in Shanghai in 1931—an electrifying, decadent world of love, violence, and betrayal filled with femme fatales, criminals, revolutionaries, and spies.

A boat from Hong Kong arrives in Shanghai harbor, carrying an important official in the Nationalist Party and his striking wife, Leng. Amid the raucous sound of firecrackers, gunshots ring out; an assassin has shot the official and then himself. Leng disappears in the ensuing chaos.

Hseuh, a Franco-Chinese photographer aboard the same boat, became captivated by Leng’s beauty and unconcealed misery. Now, she is missing. But Hsueh is plagued by a mystery closer to home: he suspects his White Russian lover, Therese, is unfaithful. Why else would she disappear so often on their recent vacation? When he’s arrested for mysterious reasons in the French Concession and forced to become a police collaborator, he realizes that in the seamy, devious world of Shanghai, no one is who they appear to be.

Coerced into spying for the authorities, Hseuh discovers that Therese is secretly an arms dealer, supplying Shanghai’s gangs with weapons. His investigation of Therese eventually leads him back to Leng, a loyal revolutionary with ties to a menacing new gang, led by a charismatic Communist whose acts of violence and terrorism threaten the entire country.

His aptitude for espionage draws Hseuh into a dark underworld of mobsters, smugglers, anarchists, and assassins. Torn between Therese and Leng, he vows to protect them both. As the web of intrigue tightens around him, Hsueh plays a dangerous game, hoping to stay alive.

This book investigates the key factors shaping corporate governance in China and presents a sophisticated study of corporate governance in China from a comparative and historical perspective. Drawing on extensive corporate governance literature, this book articulates why path dependence theory is the most effective framework for interpreting the development path of Chinese corporate governance. Chenxia Shi reviews the historical role of government in commercial development and regulation in dynastic China and in early corporate law-making, followed by an account of China’s legal and economic development over the last three decades. This historical inquiry identifies government control as the key feature of economic and market regulation in China. In particular, this book canvasses the evolution of governance of State-Owned Enterprises and listed companies, major corporate governance problems, regulatory challenges posed by China’s increasing participation in economic globalization, and enforcement difficulties particularly in relation to investor protection, directors’ duties and accountability. Ultimately, Political Determinants of Corporate Governance in China demonstrates that corporate governance in China is largely determined by political imperatives and those political imperatives have been shaped and re-shaped in a historical process.