Jiang, Bing-Bing; LAURENCESON, James; Tang, Kam Ki - In: China Economic Review 19 (2008) 3, pp. 489-501
In 2005, a reform program was initiated in China's stock markets. It acted to increase the proportion of shares that were freely tradable in the markets and also paved the way for a decline in government ownership of listed companies. This paper considers the impact the reform program might have...