The internationalization of China’s equity markets started in the early 2000s but accelerated after 2012, when Chinese firms’ shares listed in Shanghai and Shenzhen gradually became available to international investors. This paper documents the effects of the post-2012 internationalization events by comparing the evolution of equity financing and investment activities for (i) domestic listed firms relative to firms that already had access to international...
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INFORMATION
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2023/06/28
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Document de travail de recherche sur les politiques
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WPS10513
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1
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2023/06/28
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Disclosed
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The Internationalization of China’s Equity Markets
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