This paper examines stock market integration between the ASEAN five and the US and China, respectively, over the period … analysis is carried out for the weekly series to study the impact of the 2007-8 global financial crisis and the 2015 China … exhibit long memory. There is cointegration between the ASEAN five and the US but almost none between the former and China …

While China has signed non-legally binding Belt and Road Initiative (BRI) agreements with more than 100 countries, the … that China’s BRI facilitates economic integration between China and relationship countries …