In this paper, we examine returns in the Chinese A and B stock markets for evidence of calendar anomalies. We find that both cultural and structural (segmentation) factors play an important role in influencing the pricing of both A- and B-shares in China. There is some evidence of a February...
Sara Segal-Williams is ChinaFile’s Senior Editor for Copy. She holds a B.A. from Bard College, where she concentrated in Chinese History, and an M.A. in International Relations from Central European...