Investors in China lacks rationality for paying a large premium for shares on local bourses of companies with cross listings in Hong Kong. Photo: Agence France-Presse Investors in China lacks rationality for paying a large premium for shares on local bourses of companies with cross listings in Hong Kong. Photo: Agence France-Presse
Investors in China lacks rationality for paying a large premium for shares on local bourses of companies with cross listings in Hong Kong. Photo: Agence France-Presse

China stock market

China’s stock market anomaly gets PBOC scholars’ attention with model to fix ‘irrational behaviour’

  • Local shares cost about 35 per cent more at home than in Hong Kong in study of companies with cross-listings from 2002 and 2020
  • People's Bank of China researchers say exchange-rate and stock market reforms can help price discovery, narrow A-share premium

Topic |   China stock market
Investors in China lacks rationality for paying a large premium for shares on local bourses of companies with cross listings in Hong Kong. Photo: Agence France-Presse Investors in China lacks rationality for paying a large premium for shares on local bourses of companies with cross listings in Hong Kong. Photo: Agence France-Presse
Investors in China lacks rationality for paying a large premium for shares on local bourses of companies with cross listings in Hong Kong. Photo: Agence France-Presse
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