The Chinese Stock Market

效率、可预见性和教授itability

Advances in Chinese Economic Studies series

Nicolaas Groenewold, University of Western Australia, Yanrui Wu, Professor in Economics, University of Western Australia, Sam Hak Kan Tang, University of Western Australia and Xiang Mei Fan, Hunan Normal University, China and University of Western Australia

The emergence of a stock market in China only occurred a decade ago and it remains something of an unknown quantity to many observers and traders outside of the country. This book provides an extensive historical and empirical analysis of the Chinese stock-market, the development of which is an integral part of the process of economic modernization that began in China in the late 1970s.

‘. . . this book succeeds in its mission of analysing the efficiency, predictability and profitability of the Chinese stock market. It is strongly recommended to scholars. It is additionally recommended to practitioners involved in the market, sharing its prosperity and avoiding the possible risk. This book is also recommended to the students who want to learn the systematic application of econometric modelling to market efficiency analysis.’
– Shiguang Ma, Economic Record