中国A、H股市场分割的根源分析

按照投资者的身份不同,中国的股票市场可分为A、B、H股三个市场,三个市场处于严重的分割状态,其最显著的表现就是A、B或A、H股双重上市公司股票的价差现象。本文拟以A、H双重上市股票为例,深入分析价差产生的原因,揭示中国股票市场分割产生的根源。

The Cause Analysis on Stock Market Separation in China

The stock market in china can be divided into three markets by the origination of the investors, they are A, B, and H markets. These three markets are very much separated. The most important symbol is the difference in the price of dual-listed stocks, which were listed on A, H or A, B stock markets. This paper is organized to analyse the causes of the price difference, discover the origination of the saparation in china's stock market with the dual-listed corporation on A, H stock markets as the example.