Financial Information Exchange in China

Thursday, 19 May 2011  Features

Collaborative research between the Australian School of Business and Tsinghua University has revealed the reason behind mainland China's dominance in price discovery.

Jingyun Ma, a recent Endeavour Scholar at the Australian School of Business, collaborated on the paper entitled "Price Discovery and Information in an Emerging Market: Evidence from China" with Professor Peter Swan from the School of Banking and Finance at the Australian School of Business.

The paper is significant, specifically within China and Hong Kong, as it reveals the informational advantage of using do​mestic sources to inform traders over foreign sources. It explores the price discovery process of A- and H-shares; stocks which are issued by the same Chinese companies, but traded respectively in the Mainland China and Hong Kong stock market.

The paper has been selected for major conferences including the Emerging Market Finance Conference held at the Indian School of Business and the China International conference in Finance(CICF) held in Guangzhou, China.

Recently Jingyun Ma was invited to the Prime Minister's Reception for Alumni of Australian Universities and Australian Endeavour Award Holders, which was held after Julia Gillard's meeting with Chinese President Hu Jintao during her tour of North Asia. Here Jingyun was able to speak with the Prime Minister, other Endeavour Award Holders, and guests from the Australian Embassy, UNICEF and the Cheong Kong Group.

Professor Swan, praised Jingyun Ma's "impressive research capacity, and outstanding comprehensive qualities which made her a successful candidate for the prestigious Endeavour Research Fellowship."