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Article: The effect of China's reform policies on stock market information transmission.
- Article from:
- Quarterly Journal of Finance and Accounting
- Article date:
- June 22, 2008
- Author:
CopyrightCOPYRIGHT 2008 University of Nebraska-Lincoln. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Introduction
Since China opened its stock markets on December 19, 1990, the Chinese government has employed various policies in an attempt to reform its underdeveloped stock markets. The reforms are for attracting foreign investors and enhancing financial market development. Despite the fact that investors continue to raise questions about information transparency and corporate governance of Chinese companies, China's stock market has become the fastest-growing stock market in the world. According to the 2006 Yearbook of the Shanghai Stock Exchange, the market capitalization of public-listed A-share companies on the Shanghai Stock Exchange increased from 63.59 ...