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AH-Shares Difference in price
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-liste...
Keywords:Dual-listing  Market Segmentation  Market Efficiency  QDII  Through-Train  
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