This paper examines the stock return performance of the IPO stocks which are listed on the Growth Enterprise Market (GEM) in Hong Kong. By using several benchmarks, over three years, this paper finds that the results produced are sensitive to the benchmark employed. The two factors causing the underperformance of GEM stocks are the ‘technology boom’ and ‘IPO effects’. This suggests that appropr...

This paper investigates the cointegrating and long-term causal relationships between the Shanghai A and Bshare market, and between these two markets and the Hong Kong, the Taiwanese, the Japanese and the US market of two sub periods between July 1993 and March 2007. On the basis of a new Granger non-causality test procedure developed by Toda-Yamamoto (1995) and Johansen’s (1988) cointegration t...

Our earlier paper [see Ho, R. Y.-W., Strange, R., & Piesse, J. (2006). On the conditional pricing effects of beta, size, and book-to-market equity in the Hong Kong market. Journal of International Financial Markets, Institutions and Money, 16, 124–199] reported evidence supporting significant conditional pricing effects of beta, size, and book-to-market equity in the Hong Kong market. This stud...

Hong Kong's health system was established within the framework of a perfect market-oriented economic matrix, where there are wide-ranging social security and medical service systems. There are many differences in the economic foundations, social systems, and ideologies between Hong Kong and mainland China, therefore, it would probably be entirely impossible to copy Hong Kong's health care syste...

1Department of Education Studies, Hong Kong Baptist University, Kowloon Tong, Hong Kong 2Department of Applied Social Sciences, The Hong Kong Polytechnic University, Hong Kong 3Public Policy Research Institute, The Hong Kong Polytechnic University, Hong Kong 4Department of Social Work, East China Normal University, Shanghai 200241, China 5Kiang Wu Nursing College of Macau, Macau 6Division of Ad...

Hyperplasia by Maternal Plasma Analysis: A Feasibility Study, Rossa W.K. Chiu, Tze K. Lau, Pik T. Cheung, Zhi Q. Gong, Tse N. Leung, and Y.M. Dennis Lo (Departments of 1 Chemical Pathology and 2 Obstetrics and Gynaecology, The Chinese University of Hong Kong, Hong Kong SAR; 3 Department of Paediatrics, The University of Hong Kong, Hong Kong SAR; * address correspondence to this author at: Depar...

58 Hong Kong J Nephrol • October 2008 • Vol 10 • No 2 Department of Medicine and Therapeutics, Prince of Wales Hospital, The Chinese University of Hong Kong, Shatin, Hong Kong SAR. Correspondence to: Dr. Cheuk-Chun Szeto, Department of Medicine and Therapeutics, Prince of Wales Hospital, Chinese University of Hong Kong, Shatin, New Territories, Hong Kong SAR. Fax: (+852) 2637-3852; E-mail: ccsz...

Viann Wing Yan CHOI1, Candy Yuen Ping NG1, Alisa KOBAYASHI2, Teruaki KONISHI2,*, Masakazu OIKAWA2, Shuk Han CHENG3,4 and Peter Kwan Ngok YU1,4 Department of Physics and Materials Science, City University of Hong Kong, Hong Kong Department of Technical Support and Development, National Institute of Radiological Sciences, 4-9-1 Anagawa, Inage, Chiba 263-8555, Japan Department of Biology and Chemi...