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Please use this identifier to cite or link to this item:
http://hdl.handle.net/1842/1839
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| Title: | Developing short-selling on the mainland Chinese equity markets |
| Authors: | Clunie, James
Ying, Tongshan |
| Issue Date: | 2006 |
| Publisher: | Management School and Economics. The University of Edinburgh |
| Series/Report no.: | CFMR
06.03 |
| Abstract: | We review the theory and evidence on liquidity, price discovery and market efficiency associated with securities lending and short-selling. We also study the efforts by the Hong Kong and Taiwan stock exchanges to develop short-selling. We 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. JEL classification: G15; G18 |
| Keywords: | econonics
International Financial Markets
Government Policy and Regulation |
| URI: | http://hdl.handle.net/1842/1839 |
| ISBN: | 1902850 904 |
| Appears in Collections: | Business and Management Research Publications
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