Chinese Companies and the Hong Kong Stock Market

ISBN-13: 9780815374770 / Angielski / Miękka / 2017 / 266 str.

Flora Xiao Huang; Horace Yeung

Opis

Listing by companies from one country on the stock market of another country is a device often used both to raise capital in, and to increase bonding with, the target country. This book examines the listing by Chinese companies on the Hong Kong stock market. It discusses the extent of the phenomenon, compares the two different regulatory regimes, and explores the motivations for the cross-listing.

Spis treści

1. Introduction  2. Theoretical Foundations  3. Stock Market Development in China and Hong Kong  4. Weak and Strong Stock Markets: A comparison of securities regulation and enforcement between China and Hong Kong  5. Chinese Cross-listings in Hong Kong: Procedures and requirements  6. Company Level Evidence: Liquidity and bonding  7. Market and Institutional Legal Development Explanation: China’s legal and regulatory reform  8. Implications of Chinese Cross-listing: Market integration via dual listing and regulatory cooperation/competition  9. Conclusion