Authors

Yan HuangFollow

Document Type

Honors Project - Open Access

Comments

Thanks to my advisor prof. Liang Ding, my readers prof. Raymond Robertson and prof. Pete Ferderer, my honors seminar instructor prof. Sarah West and my friends who gave me help and comments on my honors project.

Abstract

This paper examines how the U.S. stock market affects the Chinese stock market, with a focus on Chinese state-owned companies, and compares the impacts on different industries and time periods. Results show that the U.S. stock market affects non-state-owned companies and state-owned companies with international business, but not state-owned companies without international business. The correlations between two markets are stronger in industries with lower percentages of state-owned companies. The impacts the U.S. stock market has on the Chinese stock market are increasing in time and in longer term.

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