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Co-integrated or not? After the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connection Schemes

机译:联合集成与否?沪港深港通后

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This paper examines stock market comovements between China and Hong Kong. The integration test results confirm that a substantial number of A-share and H-share stocks began to co-integrate after the launch of the Shanghai-Hong Kong Stock Connection Scheme' and the Shenzhen-Hong Kong Stock Connection Scheme,2 which demonstrates the effects of the two schemes in promoting financial integration and cross-border capital flows. (C) 2017 Elsevier B.V. All rights reserved.
机译:本文研究了中国大陆和香港之间的股票市场动向。整合测试结果证实,在“沪港通计划”和“深港通计划” 2启动后,大量的A股和H股开始整合。这两个方案对促进金融一体化和跨境资本流动的影响。 (C)2017 Elsevier B.V.保留所有权利。

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