The evolution of China’s banking system: bank loan announcements 1996–2009

Christopher Gan, Yuan Zhang, Zhaohua Li and David A. Cohen

Accounting and Finance, 2014, vol. 54, issue 1, 165-188

Abstract: type="main" xml:lang="en">

This study investigates China’s evolving banking systems from 1996 to 2009 by testing the market response to bank loan announcements in the China. The results show a significant negative market response to bank loan announcements in the Chinese financial market for the sample period 1996–2004. However, after a series of reforms in the Chinese banking system, the significantly negative market response to bank loan announcements disappears for the sample period 2005–2009.

Date: 2014
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