The persistence of pricing differentials in dual-listed companies in Hong Kong and mainland China

Yang, Yuxiang

dc.contributor.advisor	Boabang, Francis
dc.coverage.spatial	Hong Kong
dc.coverage.spatial	China
dc.creator	Yang, Yuxiang
dc.date.accessioned	2014-01-10T16:32:57Z
dc.date.available	2014-01-10T16:32:57Z
dc.date.issued	2013
dc.identifier.uri	http://library2.smu.ca/xmlui/handle/01/25541
dc.description	1 online resource (iv, 40 p.) : ill.
dc.description	Includes abstract and appendix.
dc.description	Includes bibliographical references (p. 28-31).
dc.description.abstract	More and more Chinese companies have been listed on Hong Kong and mainland China . The pricing differentials between Hong Kong shares and the corresponding shares have existed persistently, even though the Hong Kong and mainland China markets have been converging continuously. This paper discusses the determinants of the persistence of the price disparity. The market movement, market and investor sentiment are found to be determinant for the H-share discounts, while the exchange rate is not significant. Also, this paper analyzes the different discount rates among some different sectors. Some sectors large discounts relative to the others, and firms in particular sectors are more correlated than the others.	en_CA
dc.description.provenance	Submitted by Trish Grelot (trish.grelot@smu.ca) on 2014-01-10T16:32:57Z No. of bitstreams: 1 yang_yuxiang_mrp_2014.pdf: 779958 bytes, checksum: 3ad624b3c7c7f109240ee941ac8e9c9c (MD5)	en
dc.description.provenance	Made available in DSpace on 2014-01-10T16:32:57Z (GMT). No. of bitstreams: 1 yang_yuxiang_mrp_2014.pdf: 779958 bytes, checksum: 3ad624b3c7c7f109240ee941ac8e9c9c (MD5) Previous issue date: 2013	en
dc.language.iso	en	en_CA
dc.publisher	Halifax, N.S. : Saint Mary's University
dc.title	The persistence of pricing differentials in dual-listed companies in Hong Kong and mainland China	en_CA
dc.type	Text	en_CA
thesis.degree.name	Master of Finance
thesis.degree.level	Masters
thesis.degree.discipline	Finance, Information Systems, & Management Science
thesis.degree.grantor	Saint Mary's University (Halifax, N.S.)