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Impact Of Financial Liberalisation On Stock Market Liquidity: Experience Of China

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Executive Summary

This paper assesses the impact of the recent financial reforms in China. Following the country's accession to the World Trade Organization, financial liberalisation has picked up considerable momentum. Measures introduced encompass deregulation in the banking sector and refinements in various financial markets, as well as allowing more freedom for Chinese and foreign investors to participate and interact domestically and overseas. Compared to other studies on financial liberalisation, this paper focuses on a relatively narrower aspect of financial reforms namely, the impact on stock market liquidity.

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