Factors on A share premium with cluster analysis
The phenomenon of price difference between A shares and H shares of the firms in Mainland China has been of research interest for years. A shares, traded in Shanghai and Shenzhen stock exchanges with the currency of CNY (also known as Renminbi), are always traded at a premium to H shares of the same firm, which traded in Hong Kong with HKD. On the basis of previous studies, we proposed to introduc