In this paper, we examine the January effect in China’s A-share stock market from January 1995 to December 2019 using …-of-the-year effect in China. Instead, the turn-of-the-year effect in trading volume and buy orders help to explain the strong lunar …

In this paper, we examine the January effect in China’s A-share stock market from January 1995 to December 2019 using …-of-the-year effect in China. Our results show that Chinese financial markets are more closely aligned with the traditional lunar calendar …