Ownership restrictions and stock-price behavior in China

Kam C. Chan, Louis T.W. Cheng, Joseph K W FUNG

    Research output: Chapter in book/report/conference proceedingChapterpeer-review


    Many stock markets have or used to have such restrictions. According to Eun and Janakiramanan (1986), foreign investors were only allowed to purchase a limited number of shares of a firm in Finland, France, India, Indonesia, South Korea, Mexico, Spain, and Sweden. In Australia, Canada, Japan, Malaysia, and Norway, limited foreign ownership was employed in selective industries. In addition, Bergström, Rydqvist, and Sellin (1993) reported that a capital-outflow constraint limiting the amount of capital that domestic investors could export was enforced in the United Kingdom until 1979, and in Sweden until 1989. In Ireland, the capital-outflow constraint was still in effect in 1993.

    Original languageEnglish
    Title of host publicationFinancial Markets and Foreign Direct Investment in Greater China
    Number of pages22
    ISBN (Electronic)9781315499208
    ISBN (Print)0765608049, 9780765608048
    Publication statusPublished - 1 Jan 2016

    Scopus Subject Areas

    • Economics, Econometrics and Finance(all)
    • Business, Management and Accounting(all)
    • Arts and Humanities(all)


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