Research Article
The Economic Effects of Different Paths of U.S.-Listed Chinese concept Stocks Returning to Listing
@INPROCEEDINGS{10.4108/eai.27-10-2023.2341961, author={Cuixi Wei and Ronghua Yi}, title={The Economic Effects of Different Paths of U.S.-Listed Chinese concept Stocks Returning to Listing}, proceedings={Proceedings of the 4th International Conference on Economic Management and Big Data Applications, ICEMBDA 2023, October 27--29, 2023, Tianjin, China}, publisher={EAI}, proceedings_a={ICEMBDA}, year={2024}, month={1}, keywords={chinese concept stocks regression pathway market performance financial performance}, doi={10.4108/eai.27-10-2023.2341961} }- Cuixi Wei
Ronghua Yi
Year: 2024
The Economic Effects of Different Paths of U.S.-Listed Chinese concept Stocks Returning to Listing
ICEMBDA
EAI
DOI: 10.4108/eai.27-10-2023.2341961
Abstract
In recent years, under the background of the tightening of the regulatory environment in the United States and the institutional reform of the China's A-share market and the Hong Kong stock market, the phenomenon of the return of Chinese concept stocks is increasing. How to optimize the return policy and rationally choose the return path are the common concerns of regulators and listed companies. This paper selects 40 Chinese concept stocks that returned to China's A-share market and Hong Kong stock market from 2015 to 2020 as the research object, and uses event study method and financial index method to compare and analyze the short-term market performance and long-term financial performance of Chinese concept stocks after different paths of return. The results show that: in terms of short-term market performance, the return of Chinese concept stocks to the A-share market and the Hong Kong stock market have positive market effects.
