Share

The Integration of the Chinese Stock Markets Following the Shanghai-Hong Kong Stock Connect

2018
Download The Integration of the Chinese Stock Markets Following the Shanghai-Hong Kong Stock Connect PDF Online Free

Author :
Release : 2018
Genre :
Kind : eBook
Book Rating : /5 ( reviews)

GET EBOOK


Book Synopsis The Integration of the Chinese Stock Markets Following the Shanghai-Hong Kong Stock Connect by : Sheung-Chi Chow

Download or read book The Integration of the Chinese Stock Markets Following the Shanghai-Hong Kong Stock Connect written by Sheung-Chi Chow. This book was released on 2018. Available in PDF, EPUB and Kindle. Book excerpt: This study examines the impact of the Shanghai-Hong Kong Stock Connect on the degree of financial integration between the Hong Kong stock market and the Shanghai and Shenzhen stock markets in mainland China. By applying cointegration tests and linear and nonlinear Granger causality techniques on market capitalization and market index, we find that the stock markets from mainland China are increasingly influencing the Hong Kong stock market after the introduction of the Stock Connect scheme. Following the scheme's introduction, the cointegration relationship between China and Hong Kong in terms of market capitalizations and market indices is also increasing. Moreover, Granger causality effects on market capitalizations and market indices from China remain strong, while the directional Granger cause of the two variables from Hong Kong to China has become weak or been rejected. Our study indicates that further opening of the Chinese stock markets enhances their leading roles, given that market capitalizations and market indices exhibit the highest degree of explanatory power regarding market correction toward long-run equilibrium. However with nonlinear causality test, our results indicate that Hong Kong stock market is still relevant to understand and predict China stock market after the introduction of the Stock Connect scheme.

Chinese and Global Financial Integration through Stock Connect

2023-10-19 Law
Download Chinese and Global Financial Integration through Stock Connect PDF Online Free

Author :
Release : 2023-10-19
Genre : Law
Kind : eBook
Book Rating : 291/5 ( reviews)

GET EBOOK


Book Synopsis Chinese and Global Financial Integration through Stock Connect by : Flora Huang

Download or read book Chinese and Global Financial Integration through Stock Connect written by Flora Huang. This book was released on 2023-10-19. Available in PDF, EPUB and Kindle. Book excerpt: This significant and timely book explores a novel market mechanism, Stock Connect, which gives mutual market access to Chinese and international investors, and provides original analyses and fresh insights. This mechanism could become the new normal in future global financial integration. By examining this cross-border scheme from a regulatory perspective via a three-tiered analytical framework (investors, issuers and regulators), this book unearths the profound implications of Stock Connect to local and global financial markets and the legal impediments to its implementation. It covers a broad range of topics in this cross-boundary investment channel, including an overview of four existing connectivity arrangements (Shanghai-Hong Kong, Shenzhen-Hong Kong, Shanghai-London and China-Switzerland), the uniqueness of these connectivity arrangements, investor protection, regulations of connect issuers, regulatory cooperation and enforcement, the impacts on local and global financial markets, the implications for the world market connectivity as well as the challenges and future of Stock Connect. This pioneering study will appeal to a broad range of readers who are interested in the on-going reshaping of international financial systems and China's emerging influence in the international financial order.

The Stock Connect Programs

2020 China
Download The Stock Connect Programs PDF Online Free

Author :
Release : 2020
Genre : China
Kind : eBook
Book Rating : /5 ( reviews)

GET EBOOK


Book Synopsis The Stock Connect Programs by : Jiadi Cheng

Download or read book The Stock Connect Programs written by Jiadi Cheng. This book was released on 2020. Available in PDF, EPUB and Kindle. Book excerpt: The Stock Connect programs are important steps for China to liberate its relatively restricted financial market. The Shanghai - Hong Kong Stock Connect program launched in 2014, and the Shenzhen - Hong Kong program launched in 2016 allowed both institutional and individual international investors access to the Chinese stock market for the first time. This paper studies the impact of the Stock Connect programs on Chinese stock returns and Chinese stock market's integration with international stock markets using 2SLS regression analysis. Regression results show that the launch of the SH - HK Stock Connect program increased daily returns of all four eligible indexes under Stock Connect programs but did not increase correlation between daily performances of Chinese stock market and global stock markets with statistical significance.

The Chinese Stock Market

2004 Business & Economics
Download The Chinese Stock Market PDF Online Free

Author :
Release : 2004
Genre : Business & Economics
Kind : eBook
Book Rating : /5 ( reviews)

GET EBOOK


Book Synopsis The Chinese Stock Market by : Nicolaas Groenewold

Download or read book The Chinese Stock Market written by Nicolaas Groenewold. This book was released on 2004. Available in PDF, EPUB and Kindle. Book excerpt: The emergence of a stock market in China only occurred a decade ago and it remains something of an unknown quantity to many observers and traders outside of the country. This book provides an extensive historical and empirical analysis of the Chinese stock-market, the development of which is an integral part of the process of economic modernization that began in China in the late 1970s. The authors address a variety of critical topics to assess the efficiency, predictability and profitability of the Chinese stock-market. They carefully examine the evolution and performance of the market over the past ten years and measure its level of efficiency using an array of empirical studies. The results reveal that not only is the stock market far from efficient but that it has also failed to properly integrate with other regional markets. Thus, the authors propose further reforms which they argue are necessary for the stock market to realize its full potential contribution to the operation of China's financial markets and to its continuing economic development. The stock market in China will undoubtedly grow in importance and international influence during the next ten years. As such, this valuable new book will be required reading for economic researchers, business economists and market analysts, as well as academics with an interest in Chinese business and Asian finance.

Chinese Stock Markets

2003 Business & Economics
Download Chinese Stock Markets PDF Online Free

Author :
Release : 2003
Genre : Business & Economics
Kind : eBook
Book Rating : 122/5 ( reviews)

GET EBOOK


Book Synopsis Chinese Stock Markets by : Dongwei Su

Download or read book Chinese Stock Markets written by Dongwei Su. This book was released on 2003. Available in PDF, EPUB and Kindle. Book excerpt: The exponential growth of China's stock markets in the past decade has attracted global attention from academics and practitioners. The practitioner's interest in Chinese markets stems from corporations; investors and financial institutions foresee substantial benefits from investing in China in the long run. However, the academic literature on the development of securities markets and reform of state enterprises in China is still in its infancy and fragmented. This handbook aims to bridge that gap by presenting a wide spectrum of research in the forefront of financial applications. It integrates theory and practice with state-of-the-art statistical techniques and provides numerous insights into the main challenges confronting Chinese markets in the new millennium.

You may also like...