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A Review of Market Segmentation and Inefficiencies of the Chinese Stock Market

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  • Shuang Feng
  • Jon Stewart

Abstract

The Chinese stock market is an emerging market that has gained much importance over the past few decades. Because of this, it also serves as a great subject for studying market inefficiencies and anomalies. In this paper we provide a review of evidence regarding the development, efficiency and integration of the Chinese stock market. In particular, we review recent literature in the areas of market segmentation, cross-listings and calendar effects. This provides evidence of market inefficiency in China. We also pose questions that can be answered in future studies.

Suggested Citation

  • Shuang Feng & Jon Stewart, 2015. "A Review of Market Segmentation and Inefficiencies of the Chinese Stock Market," International Journal of Finance & Banking Studies, Center for the Strategic Studies in Business and Finance, vol. 4(4), pages 18-28, October.
    • Handle: RePEc:rbs:ijfbss:v:4:y:2015:i:4:id:364
    DOI: 10.20525/ijfbs.v4i4.36
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    References listed on IDEAS

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