Date of Submission
Campus Only Senior Thesis
Bachelor of Arts
© 2020 Zhaoyu Zhang
In recent years, China has tried to open up its financial markets through various measures. For the QFII scheme, the quota limit is being gradually relaxed from $4 billion to no cap. Do quota changes have an impact on the stock market? In this paper, the empirical analysis shows that quota changes do not have an impact on the Chinese financial market per se, but do have an impact when used in conjunction with other variables. For example, when used in conjunction with quota changes, interbank lending rates have a reduced impact on the market and the AH premium is less sensitive. Also, in analyzing the relationship with the S&P 500, I found that the Chinese stock market returns are not that correlated.
zhang, zhaoyu, "The Impacts of the Quota Changes of the Qualified Foreign Institutional Investors Scheme in China" (2020). CMC Senior Theses. 2457.
This thesis is restricted to the Claremont Colleges current faculty, students, and staff.