Relative development in stock markets : empirical evidence from mainland China and Hong Kong

Content Provider	Semantic Scholar
Author	Peterson, Dana Mark
Copyright Year	2003
Abstract	Factors that might explain the relative growth of the stock markets of Hong Kong and Mainland China in recent years and the different responses of these markets to the 1997 Asian financial and economic crisis are empirically analysed. These factors are used to project the growth of total market capitalization of the two markets in the future. Clearly, Hong Kong, with its open economy and financial markets, was strongly affected by the Asian crisis, whereas Mainland China, with many restrictions on capital flows still in place, was less affected. The results indicate that the Mainland Chinese stock market is still developing, and forecast models suggest that Mainland China’s market will overtake Hong Kong’s market in size, but may become the more volatile of the two markets, especially as China relaxes its restrictions on international capital flows.
File Format	PDF HTM / HTML
Alternate Webpage(s)	http://community.middlebury.edu/~wunnava/Recent_Papers/AFE2003.pdf
Language	English
Access Restriction	Open
Subject Keyword	Capital asset pricing model Flow Influenza virus A Hong Kong Ab:ACnc:Pt:Ser:Qn Projections and Predictions
Content Type	Text
Resource Type	Article