1.

Record Nr.

UNINA9910349530503321

Autore

Girardin Eric

Titolo

Demystifying China’s Stock Market : The Hidden Logic behind the Puzzles / / by Eric Girardin, Zhenya Liu

Pubbl/distr/stampa

Cham : , : Springer International Publishing : , : Imprint : Palgrave Pivot, , 2019

ISBN

3-030-17123-X

Edizione

[1st ed. 2019.]

Descrizione fisica

1 online resource (XXI, 125 p. 15 illus., 8 illus. in color.)

Disciplina

330.0095

332.64251

Soggetti

Asia—Economic conditions

Capital market

Macroeconomics

Economic policy

Asian Economics

Capital Markets

Macroeconomics/Monetary Economics//Financial Economics

Economic Policy

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Nota di contenuto

Chapter 1: Demystifying China’s Stock Market: The Hidden Logic behind the Puzzles -- Chapter 2: What Does History Tell Us? The Roots of China’s Modern Stock Market -- Chapter 3: A Government-Dominated Financial System -- Chapter 4: A Chinese style speculative market -- Chapter 5: The political economy of an incomplete market.

Sommario/riassunto

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.