Emergence and Development of Chinese Stock Market*

Michael Gaffikin and Tianshu Liu

International Area Studies Review, 2009, vol. 12, issue 1, 193-227

Abstract: This study introduces the emergence causes and compares and analyzes development of Chinese stock market from 1991 to 2000 from size, surveillance system, market structure, investor structure and statues, return and risk and volatility characters of share prices aspects. This study shows that development pace is very fast, however Chinese stock market is volatile and not efficient. Trading volume and interest rate redound to further explain volatility of share prices. This paper is concluded by highlighting some of the difficulties faced by China in developing its stock market in the context of traditional finance and economic theory and the experience of developed economies.

Keywords: stock market; financial system; development; comparison; volatility (search for similar items in EconPapers)
Date: 2009
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/223386590901200110 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:intare:v:12:y:2009:i:1:p:193-227

DOI: 10.1177/223386590901200110

Access Statistics for this article

More articles in International Area Studies Review from Center for International Area Studies, Hankuk University of Foreign Studies
Bibliographic data for series maintained by SAGE Publications ().