Foreign ownership restrictions and share prices in the China capital market.

This paper looks briefly at the development of the Shanghai and Shenzhen stock markets in the context of China's goal to attract foreign capital to modernise and integrate its economy to the global economy. The analysis of the stock returns revealed that the returns on B shares in Shenzhen gene...

Full description

Saved in:
Bibliographic Details
Main Authors: Lee, Boon Leng., Tan, Teng Keong.
Other Authors: Sun, Qian
Format: Theses and Dissertations
Language:English
Published: 2009
Subjects:
Online Access:http://hdl.handle.net/10356/20034
Tags: Add Tag
No Tags, Be the first to tag this record!
Institution: Nanyang Technological University
Language: English
id sg-ntu-dr.10356-20034
record_format dspace
spelling sg-ntu-dr.10356-200342024-01-12T10:29:28Z Foreign ownership restrictions and share prices in the China capital market. Lee, Boon Leng. Tan, Teng Keong. Sun, Qian Nanyang Business School DRNTU::Social sciences::Economic development::China This paper looks briefly at the development of the Shanghai and Shenzhen stock markets in the context of China's goal to attract foreign capital to modernise and integrate its economy to the global economy. The analysis of the stock returns revealed that the returns on B shares in Shenzhen generally exhibit little or no correlation with international factors while those in Shanghai do exhibit some correlation. In addition, liquidity as measured by the ratio of the volume of B shares to total volume of A and B shares only explain the returns of Shenzhen B shares. The only factor that explains the returns on both Shanghai and Shenzhen B shares is the effects of firm size. Generally, the results suggest that the Shenzhen B shares have some diversification value while Shanghai B shares are not totally segmented from international factors. Master of Business Administration (Accountancy) 2009-12-14T08:02:18Z 2009-12-14T08:02:18Z 1996 1996 Thesis http://hdl.handle.net/10356/20034 en NANYANG TECHNOLOGICAL UNIVERSITY 48 p. application/pdf
institution Nanyang Technological University
building NTU Library
continent Asia
country Singapore
Singapore
content_provider NTU Library
collection DR-NTU
language English
topic DRNTU::Social sciences::Economic development::China
spellingShingle DRNTU::Social sciences::Economic development::China
Lee, Boon Leng.
Tan, Teng Keong.
Foreign ownership restrictions and share prices in the China capital market.
description This paper looks briefly at the development of the Shanghai and Shenzhen stock markets in the context of China's goal to attract foreign capital to modernise and integrate its economy to the global economy. The analysis of the stock returns revealed that the returns on B shares in Shenzhen generally exhibit little or no correlation with international factors while those in Shanghai do exhibit some correlation. In addition, liquidity as measured by the ratio of the volume of B shares to total volume of A and B shares only explain the returns of Shenzhen B shares. The only factor that explains the returns on both Shanghai and Shenzhen B shares is the effects of firm size. Generally, the results suggest that the Shenzhen B shares have some diversification value while Shanghai B shares are not totally segmented from international factors.
author2 Sun, Qian
author_facet Sun, Qian
Lee, Boon Leng.
Tan, Teng Keong.
format Theses and Dissertations
author Lee, Boon Leng.
Tan, Teng Keong.
author_sort Lee, Boon Leng.
title Foreign ownership restrictions and share prices in the China capital market.
title_short Foreign ownership restrictions and share prices in the China capital market.
title_full Foreign ownership restrictions and share prices in the China capital market.
title_fullStr Foreign ownership restrictions and share prices in the China capital market.
title_full_unstemmed Foreign ownership restrictions and share prices in the China capital market.
title_sort foreign ownership restrictions and share prices in the china capital market.
publishDate 2009
url http://hdl.handle.net/10356/20034
_version_ 1789483166593974272