Institutional interventions and performance of futures markets in China

Leo H. Chan; Kam C. Chan; Wai K. Leung

doi:10.1080/1540496x.2005.11052622

Institutional interventions and performance of futures markets in China

Leo H. Chan, Kam C. Chan, Wai K. Leung

Research output: Journal Publication › Review article › peer-review

9 Citations (Scopus)

Abstract

We study the establishment and development of the most successful futures market in China. We document the evolution of the market microstructures and the attempts by the Zhengzhou Commodity Exchange's management to improve the performance of the futures market. Our finding suggests that if other former centrally planned economies want to establish futures markets, they must think carefully not only of the design and microstructure of the futures market, but they also have to choose carefully what contracts to offer.

Original language	English
Pages (from-to)	43-55
Number of pages	13
Journal	Emerging Markets Finance and Trade
Volume	41
Issue number	5
DOIs	https://doi.org/10.1080/1540496x.2005.11052622
Publication status	Published - 2005
Externally published	Yes

Keywords

China
Futures markets
Intervention

ASJC Scopus subject areas

General Economics,Econometrics and Finance
Finance

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10.1080/1540496x.2005.11052622

Cite this

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AB - We study the establishment and development of the most successful futures market in China. We document the evolution of the market microstructures and the attempts by the Zhengzhou Commodity Exchange's management to improve the performance of the futures market. Our finding suggests that if other former centrally planned economies want to establish futures markets, they must think carefully not only of the design and microstructure of the futures market, but they also have to choose carefully what contracts to offer.

KW - China

KW - Futures markets

KW - Intervention

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Institutional interventions and performance of futures markets in China

Abstract

Keywords

ASJC Scopus subject areas

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