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The evolution of China’s banking system: bank loan announcements 1996–2009

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  • Christopher Gan
  • Yuan Zhang
  • Zhaohua Li
  • David A. Cohen

Abstract

type="main" xml:lang="en"> This study investigates China’s evolving banking systems from 1996 to 2009 by testing the market response to bank loan announcements in the China. The results show a significant negative market response to bank loan announcements in the Chinese financial market for the sample period 1996–2004. However, after a series of reforms in the Chinese banking system, the significantly negative market response to bank loan announcements disappears for the sample period 2005–2009.

Suggested Citation

  • Christopher Gan & Yuan Zhang & Zhaohua Li & David A. Cohen, 2014. "The evolution of China’s banking system: bank loan announcements 1996–2009," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 54(1), pages 165-188, March.
    • Handle: RePEc:bla:acctfi:v:54:y:2014:i:1:p:165-188
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    File URL: http://hdl.handle.net/10.1111/j.1467-629X.2012.00493.x
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