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Learning Chinese? The changing investment behavior of foreign institutions in the Chinese stock market

Timo Korkeamäki, Nader Virk Orcid Logo, Haizhi Wang, Peng Wang

International Review of Financial Analysis, Volume: 64, Pages: 190 - 203

Swansea University Author: Nader Virk Orcid Logo

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DOI (Published version): 10.1016/j.irfa.2019.05.011

Abstract

We analyze preferences of foreign institutional investors in the Chinese stock market in a sample that covers 2003 to 2014. We find that foreign investors changed their investment behavior during the sample period from generic patterns found in much of the world to China-specific patterns. The resul...

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Published in: International Review of Financial Analysis
ISSN: 1057-5219
Published: Elsevier BV 2019
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URI: https://cronfa.swan.ac.uk/Record/cronfa58089
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first_indexed 2021-09-24T15:51:42Z
last_indexed 2021-10-23T03:25:18Z
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spelling 2021-10-22T15:54:27.4087177 v2 58089 2021-09-24 Learning Chinese? The changing investment behavior of foreign institutions in the Chinese stock market 26403610d08295bd38e7947e39c457b9 0000-0001-6338-2198 Nader Virk Nader Virk true false 2021-09-24 BAF We analyze preferences of foreign institutional investors in the Chinese stock market in a sample that covers 2003 to 2014. We find that foreign investors changed their investment behavior during the sample period from generic patterns found in much of the world to China-specific patterns. The results suggest that foreign institutions learned to adjust their investment behavior to account for unique features of the Chinese market. Rather than following the diversified portfolio approach, they follow investment strategies that focus on a limited number of firm features. Journal Article International Review of Financial Analysis 64 190 203 Elsevier BV 1057-5219 Foreign investor; Institutional investor; Qualified foreign institutional investor (QFII) scheme; China 1 7 2019 2019-07-01 10.1016/j.irfa.2019.05.011 COLLEGE NANME Accounting and Finance COLLEGE CODE BAF Swansea University 2021-10-22T15:54:27.4087177 2021-09-24T16:49:56.8336468 Faculty of Humanities and Social Sciences School of Management - Accounting and Finance Timo Korkeamäki 1 Nader Virk 0000-0001-6338-2198 2 Haizhi Wang 3 Peng Wang 4 58089__21020__afe73cb6c8d24c6a8f9f47a67be3d9d8.pdf 58089.pdf 2021-09-27T16:30:26.0073258 Output 622873 application/pdf Version of Record true © 2019 The Authors.This is an open access article under the CC BY-NC-ND license true eng http://creativecommons.org/licenses/BY-NC-ND/4.0/
title Learning Chinese? The changing investment behavior of foreign institutions in the Chinese stock market
spellingShingle Learning Chinese? The changing investment behavior of foreign institutions in the Chinese stock market
Nader Virk
title_short Learning Chinese? The changing investment behavior of foreign institutions in the Chinese stock market
title_full Learning Chinese? The changing investment behavior of foreign institutions in the Chinese stock market
title_fullStr Learning Chinese? The changing investment behavior of foreign institutions in the Chinese stock market
title_full_unstemmed Learning Chinese? The changing investment behavior of foreign institutions in the Chinese stock market
title_sort Learning Chinese? The changing investment behavior of foreign institutions in the Chinese stock market
author_id_str_mv 26403610d08295bd38e7947e39c457b9
author_id_fullname_str_mv 26403610d08295bd38e7947e39c457b9_***_Nader Virk
author Nader Virk
author2 Timo Korkeamäki
Nader Virk
Haizhi Wang
Peng Wang
format Journal article
container_title International Review of Financial Analysis
container_volume 64
container_start_page 190
publishDate 2019
institution Swansea University
issn 1057-5219
doi_str_mv 10.1016/j.irfa.2019.05.011
publisher Elsevier BV
college_str Faculty of Humanities and Social Sciences
hierarchytype
hierarchy_top_id facultyofhumanitiesandsocialsciences
hierarchy_top_title Faculty of Humanities and Social Sciences
hierarchy_parent_id facultyofhumanitiesandsocialsciences
hierarchy_parent_title Faculty of Humanities and Social Sciences
department_str School of Management - Accounting and Finance{{{_:::_}}}Faculty of Humanities and Social Sciences{{{_:::_}}}School of Management - Accounting and Finance
document_store_str 1
active_str 0
description We analyze preferences of foreign institutional investors in the Chinese stock market in a sample that covers 2003 to 2014. We find that foreign investors changed their investment behavior during the sample period from generic patterns found in much of the world to China-specific patterns. The results suggest that foreign institutions learned to adjust their investment behavior to account for unique features of the Chinese market. Rather than following the diversified portfolio approach, they follow investment strategies that focus on a limited number of firm features.
published_date 2019-07-01T04:14:20Z
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score 11.012678

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