China Stock Share Handbook

This handbook is designed to help investors and financial professionals understand how China's stock market operates, and to harness their power to win more. It includes fundamental information of both the mainland China and Hong Kong markets.

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. Contents: Development of Chinese Stock MarketsStructural and Institutional CharacteristicsRisk, Return and Regulation in Chinese Stock MarketsOwnership Restrictions and Foreign Shares DiscountExcess Volatility in Domestic Share MarketsThe Underpricing of Initial Public OfferingsCorporate Governance and Post-IPO FinancingAccounting Information and Stock PerformanceInternationalization of Chinese Stock MarketsAppendices:Securities LawSummary of P.R.C TaxesMajor Events in Chinese Stock Markets Readership: PhD and advanced MBA students, researchers, practitioners, and policymakers interested in emerging market issues. Keywords: