This paper addresses the information asymmetry between Chinese local A-share and foreign B-share markets and its impact on the B-share discount puzzle, contingent upon Chinese stock market liberalization reforms in 2001 and 2002. In contrast with the widespread notion that domestic investors are...

This paper addresses the information asymmetry between Chinese local A-share and foreign B-share markets and its impact on the B-share discount puzzle, contingent upon the regulatory reforms of the Chinese stock market liberalization in 2001 and 2002. In contrast with the widespread belief that...

This study explores the Chinese stock market's response to news shocks. The results show that: (1) institutional investors pay over-attention to positive news shocks but insufficient attention to negative news shocks, which cause the asymmetric reaction of the stock market directly; (2) the...

This study takes news observations of Chinese listed companies from 2006 to 2017 as a sample to explore how the stock market responds to news. From the perspective of limited attention, we shed light on the role of institutional investors in the above reaction mechanism. The findings suggest...