We study the establishment and development of the most successful futures market in China. We document the evolution of the market microstructures and the attempts by the Zhengzhou Commodity Exchange's management to improve the performance of the futures market. Our finding suggests that if...

This paper investigates the correlation and feedback relationships between the Hong Kong Hang Seng Index (HSI), the Hang Seng Chinese Enterprise Index (CEI) and the S&P 500 Index (SP). We divide the indexes into two separate periods, from the inception of the CEI in 1994 to the stock market...