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The Efficiency of China's Stock Market
book

The Efficiency of China's Stock Market

by Shiguang Ma
November 2017
Intermediate to advanced content levelIntermediate to advanced
302 pages
16h 35m
English
Routledge
Content preview from The Efficiency of China's Stock Market
114
The Efficiency o f China’s Stock Market
(1 of 50) of the Shanghai B-shares, 2.35% (8 of 341) of the Shenzhen A-shares and
4% (2 of 50) of the Shenzhen B-shares reject randomness using the runs tests on
monthly returns. In aggregating A-shares and B-shares, the percentage of rejections
is 1.89% for all individual shares of the Shanghai market, 2.56% for all individual
shares of the Shenzhen market.
Several findings in the runs tests on individual shares of the Shanghai and
Shenzhen markets should be considered in order to obtain a comprehensive picture.
Firstly, the daily prices of most individual B-shares significantly depart ...
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Publisher Resources

ISBN: 9781351146913