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Chinese Capital Market: An Empirical Overview

Grace Xing Hu, Jun Pan and Jiang Wang

No 24346, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: The Chinese capital market, despite its relative short history in its modern form, has experienced a tremendous growth and is now the second largest in the world. Due to China's tight capital controls, the development of its capital market has mostly been isolated from and hence not been well understood by the rest of the world. Yet, this state of isolation is bound to change substantially as China becomes more integrated into the global financial system. In this paper, we provide an empirical overview of the Chinese capital market: its historical development and main empirical characteristics.

JEL-codes: G00 G1 G11 G12 G15 (search for similar items in EconPapers)
Date: 2018-02
New Economics Papers: this item is included in nep-cna, nep-fmk and nep-tra
Note: AP IFM
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