A quality corporate disclosure environment is vital for an efficient market. The ultimate purpose of this thesis is to study the information environment of the Chinese capital market. There are different types of participants playing equally important roles in the smooth functioning of the Chinese capital market. I attempt to study the information issue from three different perspectives using three separate essays. / Apart from raising the awareness on the importance of quality corporate disclosure in the smooth functioning of a capital market, this study provides evidence supporting the importance of a transparent information environment for analysts' earnings forecast accuracy and how opinion dispersion among financial analysts and investors at large affects subsequent stock returns. Allowing investors a thorough understanding of the Chinese capital market mitigates misconception and can help foreign funds and local investors to make investment decisions in the China capital market. / In my second essay, my focus is on financial analysts; examining the role of information disclosure and the accuracy of analysts' earnings forecasts. Using all the Chinese firms included in the I/B/E/S files, I evaluate the predictive accuracy of analysts' earnings forecasts. Apart from examining the relative forecast errors of the analyst vis-a-vis a naive forecast model as well as studying the determinants and explanatory variables of the differential analysts' forecast errors between groups of firms, regression analysis is also conducted to evaluate such determinants. / In my third essay, I recognize that investors at large react differently to information disclosed and my focus is on the dispersion of opinion among financial analysts. I examine the role of such differences in opinion in relation to the cross section of future stock returns in the Chinese capital market. Results show that stocks with higher dispersion in analysts' earnings earn lower return than otherwise similar stocks. Results also suggest that a more correct interpretation of dispersion in analysts' forecast is as a proxy for investors' opinion differences about a stock rather than as a proxy for risk. / In the first essay, my focus is on a general information user level, looking at what information is available in the capital market as disclosed by firms. My first essay analyzes the firm-specific news announcements for Chinese firms listed on the Shanghai and Shenzhen stock exchanges with foreign ownership (firms issuing B shares) to gain an understand of the current information disclosure environment in the China stock market. I establish a news database which permits an examination of the distributional characteristics of the news items by categories, firm nature and timing. This essay also reports a positive relation between frequency of news disclosure and the total market capitalization, the total asset and the percentage of tradable share of a firm. / Lui Man Ching Gladie. / "August 2003." / Source: Dissertation Abstracts International, Volume: 64-09, Section: A, page: 3409. / Supervisor: In-Mu Haw. / Thesis (Ph.D.)--Chinese University of Hong Kong, 2003. / Includes bibliographical references. / Electronic reproduction. Hong Kong : Chinese University of Hong Kong, [2012] System requirements: Adobe Acrobat Reader. Available via World Wide Web. / Electronic reproduction. Ann Arbor, MI : ProQuest dissertations and theses, [200-] System requirements: Adobe Acrobat Reader. Available via World Wide Web. / Electronic reproduction. Ann Arbor, MI : ProQuest Information and Learning Company, [200-] System requirements: Adobe Acrobat Reader. Available via World Wide Web. / Abstracts in English and Chinese. / School code: 1307.

by Fung Pak-Wai Patrick. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1997. / Includes bibliographical references (leaves 45-47). / ABSTRACT --- p.ii / TABLE OF CONTENTS --- p.iii / LIST OF ILLUSTRATIONS --- p.v / LIST OF TABLES --- p.vi / ACKNOWLEDGMENTS --- p.vii / CHAPTER / Chapter I. --- INTRODUCTION --- p.1 / Chapter II. --- BANKING STRUCTURE AND THE DISCLOSURE CHANGE --- p.4 / Pre-1994 disclosure requirement --- p.5 / Reasons for Change --- p.9 / New Disclosure Requirement --- p.11 / Comparison with the disclosure requirement of IAS 30 --- p.13 / Chapter III. --- EMPIRICAL LITERATURE REVIEW --- p.18 / Chapter IV. --- METHODOLOGY --- p.21 / The Sample --- p.21 / The Data --- p.22 / The Models --- p.23 / Chapter V. --- FINDINGS --- p.26 / Comparison of Predicted with Actual Returns During the Issuance Period --- p.26 / Disaggregation of the Sample: Significance Tests --- p.30 / Interpretation of Results --- p.32 / Chapter VI. --- CONCLUSIONS --- p.33 / APPENDIX --- p.34 / BIBLIOGRAPHY --- p.45

Zhang Yinghong. / Thesis (M.Phil.)--Chinese University of Hong Kong, 2001. / Includes bibliographical references (leaves 34-36). / Abstracts in English and Chinese.

by Hui Lok Yee Connie. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1999. / Includes bibliographical references (leaves 92-95). / ABSTRACT --- p.iv / ACKNOWLEDGEMENT --- p.v / TABLE OF CONTENTS --- p.vi / Chapter / Chapter I. --- INTRODUCTION --- p.1 / Objectives of Securities Regulations --- p.3 / Regulatory Framework of the Hong Kong Securities Market --- p.5 / Objectives of This Study --- p.6 / Methodology --- p.7 / Chapter II. --- DISCLOSURE OF INTERESTS --- p.8 / Development of Securities (Disclosure of Interests) Ordinance in HK --- p.8 / Disclosure of Interests in Shares --- p.9 / Commentary --- p.17 / Recommendations --- p.23 / Chapter III. --- INSIDER DEALING --- p.29 / Development of Securities (Insider Dealing) Ordinance in HK --- p.29 / Overview of the Supervision of Insider Dealing Activitiesin Hong Kong and Singapore --- p.30 / Circumstances of Insider Dealing --- p.32 / Consequences of Insider Dealing --- p.36 / Case Studies --- p.39 / Commentary --- p.51 / Recommendations --- p.55 / Chapter IV. --- CONCLUSION --- p.60 / APPENDICE --- p.63 / Appendix 1 --- p.64 / Appendix 2 --- p.68 / Appendix 3 --- p.72 / Appendix 4 --- p.76 / Appendix 5 --- p.77 / Appendix 6 --- p.85 / Appendix 7 --- p.90 / Appendix 8 --- p.91 / Appendix 9 --- p.92 / BIBLIOGRAPHY --- p.93

Li Xue. / Thesis (M.Phil.)--Chinese University of Hong Kong, 2001. / Includes bibliographical references (leaves 36-38). / Abstracts in English and Chinese.