A Bridge on Economic Issues between China and the World
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From Wall Street to Hong Kong:The Value of Dual Listing for China Concept Stocks
Zhuo Chen, Grace Xing Hu, Ziqiong Xi, Xiaoquan Zhu, Mar 22, 2023The recent cross-border regulation tensions between the US and China have exposed many US-listed China Concepts Stocks to substantial delisting risks, forcing them to pursue dual listings on the Hong Kong Stock Exchange.
Exporting like China: The Determinants of Trade Status
Russell Cooper, Guan Gong, Guanliang Hu, Ping Yan, Feb 03, 2021We study the export decision of Chinese manufacturing firms, both public and privately owned enterprises. In 2019, China’s exports of goods accounted for 13% of goods exported in the world and around 20% of China’s GDP. The importance of understanding the determinants of trade patterns in China goes beyond its national borders. Observed export decisions contradict the prediction of the standard trade model...
The Quiet Revolution in Women’s Human Capital and the Gender Earnings Gap in the People’s Republic of China
Zhengyang Li, Guochang Zhao, Jul 08, 2020Since the 1980s, girls’ educational attaintment increased more quickly than boys’. As a result, the gender education gap decreased and even reversed in China. How does the gender earnings gap change in the face of increasing female human capital? What are the implications for the Chinese gender earnings gap in the future? This column will shed light on this interesting topic within and across cohorts.
Centralization or Decentralization? The Evolution of State-Ownership in China
Franklin Allen, Junhui Cai, Xian Gu, Jun Qian, Linda Zhao, Wu Zhu, Apr 05, 2023We developed an SOE index for all 40 million firms in China from 1990 to 2017 based on the dynamic EquiNet. This quantitative index is solely based on equity investments and thus clears up the mysteries of other self-report measures.
Feedback Trading and the Chinese Put Warrants Bubble
Neil D. Pearson, Zhishu Yang, Qi Zhang, Jul 27, 2022There was a bubble in the prices of put warrants traded on the Shanghai and Shenzhen stock exchanges during the summer of 2007. We use investor trading records from a large securities firm to show that put warrant investors engaged in a particular form of feedback trading. This feedback trading exacerbated an initial run-up in put warrant prices caused by a change in the stock transaction tax, and created the bubble.
