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An Empirical Study on the Impact of Stock Market Interconnection Policyon A-H Premium
Abstract: This paper examines whether the implementation of the stock market interconnection policy reduces the A-H premium by combining the four hypothesis of impact mechanism on the A-H premium. This study conducts quantitative approach and use panel data of 81 companies within Chinese equity markets over the period of two stock interconnect policy (Shanghai-Hong Kong stock connect policy and Shenzhen-Hong Kong stock connect policy). The conclusion shows that the implementation of Shanghai-Hong Kong stock connect policy has significantly increased the A-H premium. The implementation of Shenzhen-Hong Kong stock connect does not have a significant impact on A-H premium.
Keywords: stock market interconnection policy; SH-HKSC; SZ-HKSC; A-H premium
Country: China, Subject Area: Economics
Pages: 78 - 80
Edition: Volume 8 Issue 3, March 2019
How to Cite this Article?
Shuman Zhang, "An Empirical Study on the Impact of Stock Market Interconnection Policyon A-H Premium", International Journal of Science and Research (IJSR), https://www.ijsr.net/archive/v8i3/show_abstract.php?id=26021905, Volume 8 Issue 3, March 2019, 78 - 80
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