Chinese Stock Exchange Market

Financial Markets
APC313

Prepared by: TRAN THI MAI THANH Student ID: 119107003/1

Submission Date: 26th April, 2012

_________________________________________________________________ Number of Words: Part A: 2,250 Part B: 2,280

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Part A: Chinese Stock Exchange Market and Efficiency

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Table of Contents
TABLE OF CONTENTS ............................................................................................................................... 3 INTRODUCTION .......................................................................................................................................... 4 I. 1. 2. OPERATION AND ACTIVITIES OF CHINESE STOCK EXCHANGE MARKET ......................... 5 OPERATION ............................................................................................................................................... 5 ACTIVITIES................................................................................................................................................ 6 2.1. 2.2. 2.3. II. 1. 2. Listing ............................................................................................................................................... 7 Trading ............................................................................................................................................. 7 Delisting ............................................................................................................................................ 8

TESTING EFFICIENCY OF CHINESE STOCK EXCHANGE MARKET (CSEM) ......................... 8 THEORETICAL LITERATURE .................................................................................................................... 8 IS CSEM EFFICIENT OR NOT? ................................................................................................................. 9 2.1. 2.2. Efficiency of A- B-share market

References: 3 1. Carbaugh, R.J., (2005). International Economics. 10th Edition. United States of America: Thomson South-Western 2. Cross, S.Y., (1998). All about the Foreign Exchange market in the United States. New York: Federal Reserve Bank of New York. 3. Hagendorff, J., (2010). International Banking Course Book. UGB322 International Banking. England: University of Sunderland, unpublished. 4. Ickes, B.W., (2006). The Foreign Exchange Market [pdf]. Available at: < http://econ.la.psu.edu/~bickes/forex.pdf>. [Accessed 1 April 2012]. 5. Machiraju, H.R, (2008). Modern Commercial Banking. 2nd Edition. New Delhi: New Age International (P) Ltd., Publishers. 6. Madura, J., (2010). Financial Market and Institution. 9th Edition. Canada: SouthWestern 7. McIntosh, H., (2000). “How the Foreign Exchange Market Works”. Bank of Jamaica Working Series. No. 5 8. Mehta , D. and Fung, H.G., (2004). International Bank Management. UK: Blackwell Publishing Ltd. 9. Shubita, M.F., et al., (2011). “Foreign Exchange Exposure: An Overview”. International Research Journal of Finance and Economics. Issue 78, pp. 171-177 30