This article examines the relation between average holding periods, stock illiquidity and investors' disposition effects in the Chinese stock markets between 1996 and 2003. The results show that Chinese investors' holding periods are longer for illiquid stocks and are inversely associated with...

This paper provides a synthetic view of the capital account liberalization, capital control and currency convertibility issues in China. A quantitative analysis following Henry's study fails to provide clear links between liberalization, diminishing capital controls and Chinese stock market...

This paper investigates the operational risk, fund performance and investor protection in the seven years subsequent to the 2001 liberalization of the Chinese open-end funds market. The empirical results indicate that the fund type and fund manager's qualification are positively associated with...

This paper evaluates the impact of China's WTO entry and the establishment of a free-trade agreement between China and ASEAN on the ASEAN-5 (Indonesia, Malaysia, Philippines, Singapore and Thailand). We examine the trade competition between the two regions using a market-share model and assess...