Research on Liquidity Issues in China's ChiNext Market

Author: Wang Jinrong Ji
Publisher:
Publish Date: 2002-09-01
Features: This book conducts research on the liquidity issues of China's GEM (Growth Enterprise Market), following this approach: Based on theoretical research, it first draws on the successes and failures of foreign markets to seek commonalities in the development of risk capital markets. Secondly, it analyzes China's current conditions and potential problems in the context of China's national situation, identifying the characteristics of the development of China's GEM. Thirdly, from a long-term development perspective and international practices, it proposes specific recommendations to improve the liquidity of China's GEM. The book is divided into 8 chapters. The first two chapters serve as the theoretical foundation, constructing a basic conceptual framework for the GEM and summarizing research literature on GEM liquidity. Chapters 3 and 4 are the practical section, establishing a liquidity analysis framework, examining and analyzing the liquidity status of overseas risk capital markets and the current conditions of China's GEM liquidity. Chapters 5-7 are the policy section, conducting an in-depth study on the institutional construction, microstructure, and market operations of China's GEM to achieve high liquidity, providing recommendations and insights. Chapter 8, as the outlook section, focuses on the impact of emerging online trading on the enterprise board market.