-run performance following a regulatory reform (No. 54 [2002] China Securities Regulatory Commission (CSRC)) of the method of … allocating IPO shares in China. On 20 May 2002, the CSRC announced that IPO subscription and allotment would be based on the … on a sample of 209 IPOs in the Shanghai A-share market during the period 2001-2003, the paper employs an event study …

The paper examines three seasonal effects from Shanghai Stock market China: the weekend effect, turn of the month and …-Loss selling hypothesis. Moreover, last quarter of the year showing positive healthy returns. However, the study could not find any … trend of returns on holiday effects. The ARCH and GARCH model of all three seasonality effects showing significant results …

sell resources to China. Data was collected from stocks in the Australian resource companies and Chinese Shanghai Composite …