Segmentation of the Chinese stock market

Segmentation of the Chinese stock market: A review

The stock market in China has a segmented structure: firms generally issue multiple types of shares, and these shares are held by investors that ...

Segmentation of the Chinese stock market: A review - IDEAS/RePEc

Abstract. The Chinese stock market has a threefold segmented structure. Firstly, there is a division between floatable and nonfloatable shares, known as the ...

Segmentation of the Chinese stock market: A review - Peng

The Chinese stock market has a threefold segmented structure. Firstly, there is a division between floatable and nonfloatable shares, ...

Segmentation of the Chinese Stock Market: A Review

The Chinese stock market is segmented in threefold. First, firms may have multiple issues that are denominated in different currencies.

Capital controls, market segmentation and stock prices

In Chinese stock markets, a local firm issues two classes of shares: A shares are available only to Chinese citizens, and B shares are available only to foreign ...

A Review of Market Segmentation and Inefficiencies of the Chinese ...

There are several defining features of the Chinese stock markets that differentiate them from the NYSE and other western stock exchanges. First, the markets are ...

Segmentation of the Chinese stock market: A review - ResearchGate

PDF | The Chinese stock market has a threefold segmented structure. Firstly, there is a division between floatable and nonfloatable shares, ...

When local and foreign investors meet the Chinese government's ...

Y. Gao et al. Market segmentation and information values of earnings announcements: some empirical evidence from an event study on the Chinese stock ...

Evidence from Class A and H Shares of Chinese Dual-Listed ...

Under these segmented markets, two classes of shares are normally issued: 1) restricted shares that can only be traded by local investors and 2) unrestricted ...

The Real Value of China's Stock Market

Yet, despite China's segmentation from other markets, the cross-sectional pattern of its stock returns is remarkably similar to that in the US and in other ...

Theory and Evidence from Chinese a and B Shares

We develop a model, incorporating both informational asymmetry and market segmentation, and derive a relative pricing equation for A shares and B shares. We ...

Segmentation of the Chinese Stock Market: A Review - ResearchGate

The findings show that there is a significant positive relationship between the annual compensation of top-managers and firm performance in Chinese IT companies ...

Market Segmentation and Information Asymmetry in Chinese Stock ...

Abstract. This study examines the market segmentation and information asymmetry patterns in Chinese stock markets. The recursive cointegration analysis confirms ...

Segmentation and Seasonlity within the Chinese Stock Market

Regarding our test for market integration we have used a modified Jorion and Schwartz model where results suggests that the Chinese stock market ...

A Review of China's Financial Markets

Shanghai: [Google Scholar]. Ma X. 1996. Capital controls, market segmentation and stock prices: evidence from the Chinese stock market. Pac. Basin Finance J.

Market Segmentation and Differential Reactions of Local and ...

The capital controls result in segmentation of A and H shares and make the SEHK a hub for investment in Chinese stocks by foreign investors. We ...

A Review of Market Segmentation and Inefficiencies of the Chinese ...

In this paper we provide a review of evidence regarding the development, efficiency and integration of the Chinese stock market. In particular, ...

Do Local Investors Always Know Better? Evidence from China's ...

We utilize the market segmentation of Chinese A- and B-shares to disentangle the information sets of domestic versus foreign investors. We find ...

Booms and busts in China's stock market - European Central Bank

of the Chinese stock markets, market segmentation and explanations for price differentials among different classes of stocks, market impediments and ...

Market Segmentation and Share Price Premium: Evidence from ...

In China, domestic firms can issue both domestic (A) and foreign (B or H) shares. Domestic investors can only invest in A-shares and foreign investors only ...