| Abstract: | As one-price theory describes, same assets with equivalent value should have same price in different market simultaneously. However, there is market segmentation as a common phenomenon faced by each nation's stock market, including advanced market and emerging stock market. Dual-listed company's performances in different stock markets are the best tool to explain the market segmentation. This article tries to analysis the factors which results in the price difference between A and H-share of Chinese dual-listed companies, and the elimination to this inefficiency. |
