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Is the Chinese Stock Market Really Efficient

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Figure

Table 1: Summary Statistics for Daily Returns
Table 2: Parameter Estimates for the SETAR(1) and the AR(1) Models
Table 3a(i): Results of Implementing the Trading Strategies on the Shanghai Composite Index: Jan 1, 1991 to March 31 , 2005 (period prior to the SOE reform)
Table 3a(ii): Results of Implementing the Trading Strategies on the Shanghai Composite Index: April 1, 2005 to  Nov 30, 2006 (from the start of the SOE reform to the onset of the financial crisis)
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