Dissecting the Long-Term Performance of the Chinese Stock Market

  title={Dissecting the Long-Term Performance of the Chinese Stock Market},
  author={Franklin Allen and Jun Qian and Chenyu Shan and Julie Lei Zhu},
  • Franklin Allen, Jun Qian, +1 author Julie Lei Zhu
  • Published 2017
  • Business
  • The Chinese economy, the largest in the world in PPP terms, has been the fastest growing for the past three decades, and the size of the Chinese stock market is the second largest in the world. Listed firms that contribute to the growth ‘miracle’ and have exceeded expectations should deliver superior long-run returns to investors. During the period 2000-2014, we find that China’s domestic market and its listed firms underperform markets and listed firms from developed and emerging countries… CONTINUE READING

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