How to survive? An analysis on the development of China's stock markets
Yang, Ameng (2006) How to survive? An analysis on the development of China's stock markets. [Dissertation (University of Nottingham only)] (Unpublished)
With advent of opening and reforming movement in 1978, China made a dramatic transmission from a planned economy to a market economy, sequentially, China started to construct its own capital markets. The Shanghai Stock Exchange (SSE) was established in December 19th, 1990, with eight stocks listed; the Shenzhen Stock Exchange (SZSE) was founded in July 3rd, 1991, with only five companies listed. However, in the past seventeen years, the size of this two exchanges expanded rapidly, 1434 firms are listed in these two exchanges at the end of 2006.
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