Demystifying China’s Stock Market

The Hidden Logic behind the Puzzles

Authors: Girardin, Eric, Liu, Zhenya

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  • Provides an original, innovative and thought‐provoking perspective on China’s stock market
  • Examines the political economy aspect of influences at work in the IPO and stock market control/regulation process
  • Analyses the intricacies of the domination of the market by China’s government and administrative apparatus
  • Reviews the inherent speculative character of the market, which is a by‐product of state‐dominance
  • Highlights the wide departure from the standard template of stock‐market organization and functioning for emerging markets
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eBook $44.99
price for USA (gross)
  • Due: October 2, 2019
  • ISBN 978-3-030-17123-0
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
Hardcover $59.99
price for USA
  • Customers within the U.S. and Canada please contact Customer Service at +1-800-777-4643, Latin America please contact us at +1-212-460-1500 (24 hours a day, 7 days a week).
  • Due: November 12, 2019
  • ISBN 978-3-030-17122-3
  • Free shipping for individuals worldwide
About this book

Mainstream research has rationalized China’s stock market on the basis of paradigms such as the institutional approach, the efficient market hypothesis, and corporate valuation principles. The deviations from such paradigms have been analyzed as puzzles of China’s stock market. Girardin and Liu explore to what extent, in the perspective of Chinese cultural and historical characteristics, far from being puzzles, these 'deviations’ are rather the symptoms of a consistent strategy for the design, development and regulation of a government-dominated financial system.

This book will help investors, observers and researchers understand the hidden logic of the design and functioning of China’s modern stock market, taking a political economy view.



About the authors

Eric Girardin is Professor of Economics at Aix-Marseille University and Researcher at Aix-Marseille School of Economics, France. He is visiting Professor at Beijing University-HSBC Business School, UK. He was a member of the Advisory Council of the Asian Development Bank Institute (Oct 2004-Sept 2012).

Zhenya Liu is Professor of Finance and Econometrics at the School of Finance, Renmin University of China, Beijing and Research Associate at CERGAM, Aix-Marseille University, France. He previously worked as Professor and Lead of Applied Quantitative Financial Economics at the Business School of the University of Birmingham, UK.

Table of contents (5 chapters)

Table of contents (5 chapters)

Buy this book

eBook $44.99
price for USA (gross)
  • Due: October 2, 2019
  • ISBN 978-3-030-17123-0
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
Hardcover $59.99
price for USA
  • Customers within the U.S. and Canada please contact Customer Service at +1-800-777-4643, Latin America please contact us at +1-212-460-1500 (24 hours a day, 7 days a week).
  • Due: November 12, 2019
  • ISBN 978-3-030-17122-3
  • Free shipping for individuals worldwide

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Bibliographic Information

Bibliographic Information
Book Title
Demystifying China’s Stock Market
Book Subtitle
The Hidden Logic behind the Puzzles
Authors
Copyright
2019
Publisher
Palgrave Pivot
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-3-030-17123-0
DOI
10.1007/978-3-030-17123-0
Hardcover ISBN
978-3-030-17122-3
Edition Number
1
Number of Pages
XXI, 125
Number of Illustrations
7 b/w illustrations, 8 illustrations in colour
Topics