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Developing Short-Selling on the Mainland Chinese Equity Markets: Developing Short-Selling in China - Couverture souple

Clunie, James; Ying, Tongshan

 
9783836467841: Developing Short-Selling on the Mainland Chinese Equity Markets: Developing Short-Selling in China
Couverture souple
ISBN 10 : 3836467844 ISBN 13 : 9783836467841
Editeur : VDM Verlag Dr. Müller, 2008

Synopsis

Short-selling is not currently permitted on the mainland Chinese stock exchanges, but is allowed in most other major stock markets. We review the theory and evidence on liquidity, price discovery and market efficiency associated with securities lending and short-selling. The evidence highlights a number of benefits and also risks associated with these practices. We describe the approaches taken by the Hong Kong and Taiwan stock exchanges to develop short-selling and build on this to generate ideas for the development of securities lending and short-selling in mainland China. We argue that a phased program of reform, well-implemented, can help build confidence in the mainland Chinese equity markets, by aiding price discovery and improving market liquidity. This work will be of interest to policy makers, regulators and investors in the Chinese equity markets.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

Présentation de l'éditeur

Short-selling is not currently permitted on the mainland Chinese stock exchanges, but is allowed in most other major stock markets. We review the theory and evidence on liquidity, price discovery and market efficiency associated with securities lending and short-selling. The evidence highlights a number of benefits and also risks associated with these practices. We describe the approaches taken by the Hong Kong and Taiwan stock exchanges to develop short-selling and build on this to generate ideas for the development of securities lending and short-selling in mainland China. We argue that a phased program of reform, well-implemented, can help build confidence in the mainland Chinese equity markets, by aiding price discovery and improving market liquidity. This work will be of interest to policy makers, regulators and investors in the Chinese equity markets.

Biographie de l'auteur

James Clunie is an Investment Director at Scottish Widows Investment Partnership in Edinburgh, Scotland. Tongshan Ying is Head of Custody at Bank of Communications, Shanghai, China.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
VDM Verlag Dr. Müller
Date d'édition
2008
Langue
anglais
ISBN 10 
3836467844
ISBN 13 
9783836467841
Reliure
Broché
Nombre de pages
56
Coordonnées du fabricant
non disponible
Personne responsable
non disponible