oaioai:dspace.xmu.edu.cn:2288/41109

An Empirical Study on Differences between A and H Share price

Abstract

A、H股市场之间的市场分割是导致A、H股价格产生差异的重要原因。目前,国内外学者对A、H股的价格差异进行的实证研究区间都是集中在股权分置改革基本完成之前,而股权分置改革基本完成后,已有研究的数据已经发生了改变,沪深300指数中所包含的A+H股股价也发生了巨大的变化,A、H股的价差已经呈现了很多新的现象。截止2010年12月31日,66家“A+H”双重上市公司中有19家H股溢价现象,恒生AH溢价指数收于98.81点,这意味着H股相对于A股已处于整体溢价状态。变化的A、H股价格差异状况需要进行进一步的解释和分析,而及时地对这一变化做出研究和判断是非常必要的。 本文拟从软分割角度先对A、H股价格差...Market segmentation between A and H stock market is the main reason leading to stock price discrepancy. At present, the interval of empirical research on stock price discrepancy between A and H stock market at home and abroad is concentrated in the time before the reform in share separation. But after the reform in share separation is basically completed, the existing data has changed, and A + H s...学位:经济学硕士院系专业:经济学院金融系_投资学学号:1562008115212

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oaioai:dspace.xmu.edu.cn:2288/41109Last time updated on 6/16/2016View original full text link

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