Chan, Kalok; Kwok, Johnny K.H. - In: Journal of Emerging Market Finance 4 (2005) 1, pp. 43-61
In China, domestic firms can issue both domestic (A) and foreign (B or H) shares. Domestic investors can only invest in A-shares and foreign investors only in B- and H-shares. Unlike other emerging markets, domestic A-shares are sold at a premium relative to foreign shares. We conjecture that...