Fund managers' style drift behaviour alters fund risks and may have an impact on fund performance that is detrimental to fund investor's interest. This paper is a first study on the existence and effects of style drift in the fast growing fund management industry in China. It provides a...

In February 1985, Hui Tong Urban Co-operative Bank, China's first new private bank since 1949, opened for business in Chengdu City in Sichuan Province. The author explores the new bank against the backdrop of China's general financial reform and the economic development to Sichuan and looks at...