haku: @author Chui, A. / yhteensä: 2
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Tekijä: | Chui, A. Kwok, C. |
Otsikko: | Cross-autocorrelation between A shares and B shares in the Chinese stock market |
Lehti: | Journal of Financial Research
1998 : FALL, VOL. 21:3, p. 333-354 |
Asiasana: | SHARES CHINA STOCK MARKETS |
Kieli: | eng |
Tiivistelmä: | Listed companies in China, upon meeting certain requirements, can issue two types of shares: A shares and B shares. Local investors in China can only buy and sell A shares, while foreign investors can only buy and sell B shares. The authors argue that foreign investors may receive news about China faster than domestic Chinese investors because of information barriers in China. Since foreigners participate in the B-share market, the price movements of B shares should reflect the common information that the foreigners have. |
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