Взаимодействие шоков ликвидности и волатильности на фондовом рынке для акций компаний различной капитализации
The present article is devoted to consideration of investment strategy in stock market. The questions connected with designing of such strategy are systemically considered in it. The emphasis is thus placed on adaptation of the general (managerial) theory of engineering to engineering of investment strategy. Engineering of investment strategy is considered in indissoluble interrelation with the analysis of their typology. The most actual types and directions of engineering of investment strategy are characterized in the conclusion of article.
The article gives an overview of influence of stock market discrimination on market value of companies in China. There are two types of shares on Chinese stock market: class A shares, which are available for domestic investors, and class B shares, which are available for foreign investors. Such market structure is not a unique Chinese market's feature. It is also used in such countries as Finland, Singapore, Switzerland, Thailand, etc. What differs Chinese market from markets with similar structure is the fact that class B shares are traded with substantial discount to class A shares. Such a situation is explained by such factors informational asymmetry between domestic and foreign investors; different liquidity of different classes of shares; diversification effect, connected with investment in Chinese stock market; size of companies; ratio of amounts of shares of different classes; stock exchange where company's shares are traded.
The collection consists of a number of refereed essays, representing the mainstream of the Chinese economic thought and the Western sinology nowadays. It covers various fields of China’s socio-economic transformation. Specific features of macroeconomic dynamics in China are studied in depth. Special attention is dedicated to the intermediate results of structural reforms. China’s external economic expansion is also covered in its various dimensions. The materials refereed may be of an interest for those dealing with the issues of economies in transition and thinking how to apply the successful elements of China’s experiencе in the Russian circumstances.
The supplement to the thesis on Russian stock and currency markets paricipants' lexis formation, content and functionning represents the collected lexical material.