Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5091511 | Journal of Banking & Finance | 2005 | 34 Pages |
Abstract
The purpose of this paper is to discuss and apply some of the key issues and lessons from similar privatization in other parts of the world to the partial privatization of the Bank of China Hong Kong (BOCHK). The empirical results of this paper indicate that some of the banks and non-bank financial institutions reacted negatively to the partial privatization announcements of the BOCHK. The empirical results also show that HSBC, the largest bank in Hong Kong had no significant reaction to the restructuring announcement or the listing announcement of the BOCHK. However, the Hang Seng Bank, the third largest bank in Hong Kong, suffered a loss after the announcement of the BOCHK listing. Compared with the banks and non-bank financial institutions in China, the BOCHK over-performed the rival firms in Mainland China 1Â year after its partial privatization.
Related Topics
Social Sciences and Humanities
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Economics and Econometrics
Authors
Zhian Chen, Donghui Li, Fariborz Moshirian,