The effect of market segmentation on stock prices: The China syndrome

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Contrarian and momentum strategies in the China stock market: 1993–2000 (2002, unknown): “9 Since new stocks frequently experience irregular returns around the times of their initial public offerings (see Sun and Tong, 2000), the returns of newly listed stocks in the first week after listing are excluded in the sample. formation (F) and holding (H) periods.”
How Does Government Ownership Affect Firm Performance? Evidence from China's Privatization Experience (2002, background): “In fact, B shares are generally priced at a big discount compared with A shares (Bailey, 1994; and Sun and Tong, 2000).”
Asset Pricing in China's Domestic Stock Markets: Is There a Logic? (2007, background): “Existing studies on asset pricing (e.g., Chan, Menkveld, and Yang, 2006; Fung, Lee, and Leung, 2000; Fernald and Rogers, 2002; Sun and Tong, 2000) are mainly concerned with explaining the relative pricing of A-shares versus Bshares.”
China share issue privatization: the extent of its success (2003, background): “As a result, trading is traditionally light in the B-share market, and both B-share and H-share prices are deeply discounted relative to their A-share counterparts (Bailey, 1994; Sun and Tong, 2000).”