The rapid economic development and growth of the People’s Republic of China has accelerated the economic partnership and integration among China, Hong Kong, and Taiwan, giving rise to a new Greater China Economy. Since signing the Closer Economic Partnership Arrangement (CEPA) with Hong Kong...

The mainland China's opinion on Korea-Taiwan FTA negotiation should never be given too much consideration based on the “One China” principle. vi) It seems desirable to have more active cooperation with Hong Kong service enterprises and Taiwan manufacturing firms by utilizing CEPA and ECFA in...

At the 20th National Congress of the Communist Party of China held in October this year, President Xi Jinping's third consecutive term was decided. As President Xi's one-man control system is firmly established, there are also concerns about the future direction of the Chinese economy. This...

Since 2020, the U.S.-China trade war, economic de-globalization, and global epidemic outbreak have exacerbated the instability of the external environment in China. In response, the Chinese government has put forward the dual circulation strategy, striving to activate and expand domestic...

We establish the importance of relative minimum price increments for price discovery in the context of a single asset trading at diverse venues. Our model relates relative spreads to directed information flows and begets a set of testable implications. Although conventional wisdom dictates that...