Chen, Chao; Jin, Qinglu; Yuan, Hongqi - In: International Review of Financial Analysis 20 (2011) 2, pp. 76-87
Before the split share structure reform, China's publicly listed companies in domestic stock exchanges had two classes of stock: tradable and non-tradable shares. These two classes of stock had the same voting, cash flow, and all other legal rights except that non-tradable shares cannot be...