We study the benefits of opening up local equity markets to foreign institutional investors using data on Qualified Foreign Institutional Investors (QFIIs) in China around the reform floating non-tradable shares. We find evidence supporting the view (Stulz (1999)) that as “outsiders,”...

The aim of this research is to consider the effects of government intervention in the Chinese property market. We use data on the market performance of the real estate industry in the period 2000-2010, and find that models which exclude government intervention – a variable which we refer to...

Using data on China's split-share structure reform that floats non-tradable shares, we find that Qualified Foreign Institutional Investors (QFIIs) have greater influence over the controlling state shareholders than local mutual funds. QFIIs are less prone to political pressure and are more...