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dc.contributor.authorClunie, James
dc.contributor.authorYing, Tongshan
dc.date.accessioned2007-08-06T14:56:13Z
dc.date.available2007-08-06T14:56:13Z
dc.date.issued2006
dc.identifier.isbn1902850 904
dc.identifier.urihttp://hdl.handle.net/1842/1839
dc.description.abstractWe review the theory and evidence on liquidity, price discovery and market efficiency associated with securities lending and short-selling. We also study the efforts by the Hong Kong and Taiwan stock exchanges to develop short-selling. We build on this to generate ideas for the development of securities lending and short-selling in mainland China. We argue that a phased program of reform, well-implemented, can help build confidence in the mainland Chinese equity markets, by aiding price discovery and improving market liquidity. JEL classification: G15; G18en
dc.format.extent183367 bytes
dc.format.mimetypeapplication/pdf
dc.language.isoenen
dc.publisherManagement School and Economics. The University of Edinburghen
dc.relation.ispartofseriesCFMRen
dc.relation.ispartofseries06.03en
dc.subjectEconomicsen
dc.subjectInternational Financial Marketsen
dc.subjectGovernment Policy and Regulationen
dc.titleDeveloping short-selling on the mainland Chinese equity marketsen
dc.typeWorking Paperen


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