Learning Chinese? The changing investment behavior of foreign institutions in the Chinese stock market

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Korkeamäki , T , Virk , N , Wang , H & Wang , P 2019 , ' Learning Chinese? The changing investment behavior of foreign institutions in the Chinese stock market ' International Review of Financial Analysis , vol. 64 , no. July , pp. 190-203 . https://doi.org/10.1016/j.irfa.2019.05.011

Title: Learning Chinese? The changing investment behavior of foreign institutions in the Chinese stock market
Author: Korkeamäki, Timo; Virk, Nader; Wang, Haizhi; Wang, Peng
Contributor: Hanken School of Economics, Finance, Helsinki
Belongs to series: International Review of Financial Analysis
ISSN: 1057-5219
Abstract: We analyze preferences of foreign institutional investors in the Chinese stock market in a sample that covers 2003 to 2014. We find that foreign investors changed their investment behavior during the sample period from generic patterns found in much of the world to China-specific patterns. The results suggest that foreign institutions learned to adjust their investment behavior to account for unique features of the Chinese market. Rather than following the diversified portfolio approach, they follow investment strategies that focus on a limited number of firm features.
Date: 2019-07-01
Subject: 512 Business and Management
Foreign investor
Institutional investor
Qualified foreign institutional investor (QFII) scheme
China
KOTA2019?
PREM2019_08
2 - Hybrid open access publication channel
1 - Self archived
https://helda.helsinki.fi/dhanken/handle/10227/243917
1- Minst en av författarna har en utländsk affiliation
1- Publicerad utomlands
0- Ingen affiliation med ett företag
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