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Xiong Xiong

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Open access Aug 2026

Capital market liberalization and stock price crash risk: a Shanghai-Hong Kong stock connect expansion perspective

Capital market liberalization provides foreign investors with greater access to direct investment in mainland China’s stock market. This study uses the expansion of the Shanghai–Hong Kong Stock Connect as a quasi-natural experiment. The sample consists of A-share listed companies on the Shanghai Stock Exchange from the...

Ruwei Zhao, Hansong Guo, Xiaotong Wang et al. · 0 citations

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