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
PublisherTaylor & Francis
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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