by Chan Tsz Kit, Lee Wing Chun, Vincent. / Thesis (M.B.A.)--Chinese University of Hong Kong, 2001. / Includes bibliographical references (leaves 50-52). / ABSTRACT --- p.ii / TABLE OF CONTENTS --- p.iii / LIST OF TABLES AND FIGUARES --- p.v / Chapter / Chapter I. --- INTRODUCTION --- p.1 / Background and Features of GEM --- p.2 / Features of Small Cap Companies --- p.4 / Market Statistics --- p.5 / Number of IPO in the Market --- p.5 / IPO Fund Raised in the Market --- p.6 / IPO Fund Raised by Type --- p.7 / Business Nature of Listed Firms --- p.8 / Performance of GEM Market in Terms of GEI --- p.9 / GEM Corporate Governance --- p.10 / Two GEM Listing Rules Non-compliance Cases to Date --- p.10 / Other Controversy Issues of GEM --- p.11 / Selective wavier by tom.com --- p.11 / General relaxation of listing rules --- p.12 / Property acquisition by Timeless Software --- p.13 / Errors made by GEM companies --- p.13 / Excessive valuation --- p.14 / Quality of listed company --- p.15 / Undisclosed holdings of Panda-Recruit --- p.15 / Chapter II. --- LITERATURE REVIEW --- p.16 / Chapter III. --- DATA AND METHODOLOGY --- p.26 / Data Description --- p.27 / Chapter IV. --- EMPIRICAL EVIDENCE --- p.31 / Intraday and Weekly Stock Returns --- p.31 / Intraday Trading Volume --- p.36 / Discussing Conclusion for Quantitative Studies --- p.40 / Chapter V. --- QUALITATIVE STUDY OF GEM MARKET --- p.41 / Factors Contributed to the Prevailing Weak Sentiment on GEM --- p.41 / Blue-chip Backing --- p.41 / Mega-dollar Tech Deals Sent Tech Stocks to Higher Levels --- p.42 / Understanding on Issuer's Business is Key --- p.43 / Major Issues GEM Faces --- p.44 / Lack of Condemnation on the Listed Firms' Non-compliance --- p.44 / Attractiveness for Large Cap Issuers --- p.45 / Retail Investors Participation --- p.46 / PRC Second Board --- p.47 / Activities of Institutional Investors --- p.47 / GEI - A Good Proxy of GEM's Performance? --- p.48 / Discussing Conclusion for Qualitative Studies --- p.49 / BIBIOGRAPHY --- p.50

Wong Yu-kwan. / Thesis (M.Phil.)--Chinese University of Hong Kong, 2002. / Includes bibliographical references (leaves 74-77). / Abstracts in English and Chinese. / Chapter 1 --- Introduction --- p.1 / Chapter 2 --- Literature Review --- p.8 / Chapter 3 --- Data and Methodology --- p.25 / Chapter 3.1 --- Data description --- p.25 / Chapter 3.2 --- Data sources --- p.27 / Chapter 3.3 --- Methodology --- p.28 / Chapter 4 --- Results --- p.40 / Chapter 4.1 --- Results of correlations --- p.40 / Chapter 4.2 --- Results of holding rates of returns- MAAMRORsubIPos --- p.44 / Chapter 4.3 --- The post-listing price performance of the IPO firms --- p.51 / Chapter 4.4 --- Regression results --- p.59 / Chapter 5 --- Discussion --- p.65 / Chapter 6 --- Conclusion --- p.70 / References --- p.74 / Tables --- p.78 / Appendix --- p.99

by Cheng Lok-Man. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1999. / Includes bibliographical references (leaf 106). / ABSTRACT / TABLE OF CONTENTS / LIST OF ILLUSTRATIONS / LIST OF TABLES / Chapter / Chapter I. --- INTRODUCTION / Chapter 1. --- Introduction --- p.1 / Chapter 2. --- Methodology --- p.2 / Chapter 3. --- Source of Information --- p.3 / Chapter 4. --- Structure of the paper --- p.4 / Chapter II. --- THE EMERGENCE OF NEW VEHICLE ~HONG KONG MORTGAGE CORPORATION / Chapter 1. --- History --- p.6 / Chapter 1. --- Reasons for the Property Boom (1990-1994) --- p.6 / Chapter a. --- Diminishing Real Interest Rate --- p.6 / Chapter b. --- Demand- Supply Mechanism --- p.6 / Chapter c. --- Chinese Economy and Psychological Effect --- p.6 / Chapter 2. --- Loan mix of the Banking Sector --- p.7 / Chapter 3. --- Mortgage War --- p.7 / Chapter 2. --- Framework of HKMC --- p.8 / Chapter 3. --- Mechanism of HKMC --- p.9 / Chapter 4. --- Phenomenon of the Mortgage Market in Hong Kong --- p.10 / Chapter III. --- MORTGAGE CORPORATION: THE WHOLE PICTURE / Chapter 1. --- Benefits of Hong Kong Mortgage Corporation --- p.13 / Chapter 1. --- Contribution to Home Financing --- p.13 / Chapter 2. --- Banking Stability --- p.14 / Chapter 3. --- Monetary Stability --- p.15 / Chapter 4. --- Development of Debt Market --- p.16 / Chapter 2. --- "Mortgage market in United States, Canada & Hong Kong" --- p.16 / Chapter 1. --- Hong Kong --- p.17 / Chapter 2. --- United States --- p.17 / Chapter 3. --- Canada --- p.18 / Chapter 3. --- Limitation of Hong Kong Mortgage Corporation --- p.19 / Chapter 1. --- Banks are not urgent to sell the mortgages --- p.19 / Chapter a. --- The Attitudes of Local Banks --- p.20 / Chapter b. --- The Attitudes of Foreign Banks --- p.21 / Chapter 2. --- Limit Capital Base --- p.22 / Chapter 3. --- The Issue of Fixed Rate Mortgages --- p.22 / Chapter 4. --- Practical Problems of Mortgage Corporation --- p.23 / Chapter 1. --- Differential Attitudes of HKMC & Banking Sector --- p.23 / Chapter 2. --- Unclear Attitudes of the Parties that related to HKMC: Are they helpers or the enemies? --- p.25 / Chapter a. --- Investors --- p.25 / Chapter b. --- Credit Rating Agency --- p.26 / Chapter c. --- Insurance Companies --- p.26 / Chapter 3. --- Over Optimistic of Risk Management --- p.27 / Chapter a. --- Risk arising from Operation --- p.27 / Chapter 1. --- Credit Risk --- p.27 / Chapter 2. --- Interest Rate Risk --- p.28 / Chapter 3. --- Prepayment Risk --- p.29 / Chapter 4. --- Operational Risk --- p.30 / Chapter b. --- Risks arising from issuing of Mortgages Backed Securities --- p.30 / Chapter 1. --- Delivery Risk --- p.31 / Chapter 2. --- Interest Rate Risk --- p.32 / Chapter 3. --- Issue in the pricing of mortgage backed securities --- p.32 / Chapter IV. --- PERFORMANCE OF THE MORTGAGE MARKET AND HKMC AFTER SET UP / Chapter 1. --- Pilot Scheme of Fixed Rate Mortgage in Hong Kong --- p.33 / Chapter 2. --- Relaxation and Simplification of mortgage loan criteria --- p.35 / Chapter 1. --- Simplification of the purchase of mortgage loans --- p.35 / Chapter 2. --- Relaxation of the criteria of the mortgage loans accepted by HKMC --- p.36 / Chapter 3. --- Debt Issuance Activities --- p.37 / Chapter 1. --- Note Issuance Programme (NIP) --- p.37 / Chapter 2. --- Debt Issuance Programme (DIP) --- p.38 / Chapter 4. --- Forward Commitment Facility --- p.39 / Chapter 5. --- Mortgage Guarantee Scheme --- p.40 / Chapter 6. --- Board of Director --- p.43 / Chapter 7. --- Performance of mortgage market --- p.44 / Chapter V. --- THE REACTION TOWARDS THE POWERFUL VEHICLE / Chapter 1. --- Banking Sector --- p.46 / Chapter 2. --- Home Buyers --- p.46 / Chapter 3. --- Property Developers --- p.49 / Chapter 4. --- Insurance Companies --- p.50 / Chapter 5. --- Hong Kong Monetary Authority and Hong Kong Mortgage Corporation --- p.50 / Chapter VI. --- RECOMMENDATION & CONCLUSION / Chapter 1. --- Recommendation --- p.53 / Chapter 1. --- "Setting of the Fixed Adjustable Rate of Mortgage (""FARM"")" --- p.53 / Chapter 2. --- Ways of Promoting the Debt Securities --- p.54 / Chapter 3. --- The Issue of Mortgage-Backed Securities (MBS) in the second stage of development --- p.55 / Chapter 4. --- Option in Debt Papers in US Dollars Denomination --- p.57 / Chapter 5. --- Clarification of the Top-up Loan Arrangement --- p.57 / Chapter 2. --- Conclusion --- p.58 / Chapter 3. --- Last Word --- p.59 / APPENDIX --- p.60 / BIBLIOGRAPHY --- p.106

by Lu Shanshan, Yu Xiang. / Thesis (M.B.A.)--Chinese University of Hong Kong, 2005. / Includes bibliographical references (leaves 45-48). / ABSTRACT --- p.ii / TABLE OF CONTENTS --- p.iii / LIST OF ILLUSTRATIONS --- p.v / LIST OF TABLES --- p.vi / ACKNOWLEDGEMENTS --- p.vii / Chapter CHAPTER 1: --- INTRODUCTION --- p.1 / Chapter CHAPTER 2: --- GENERAL DESCRIPTION OF IPO PROCESS --- p.3 / REASONS FOR LISTING --- p.3 / SELECTION OF CAPITAL MARKET --- p.7 / GEM OR MAINBOARD --- p.14 / H SHARE OR RED CHIP OR ELSE --- p.18 / BASIC LISTING PROCEDURE --- p.20 / CONSIDERATIONS OF RESTRUCTURING --- p.24 / ROLE OF FINANCIAL ADVISORS --- p.26 / Chapter CHAPTER 3: --- DATA AND METHODOLOGY --- p.27 / RESEARCH PERIOD AND SOURCE --- p.27 / MEASURES AND FORMULAS --- p.27 / Chapter CHAPTER 4: --- UNDERPRICING ANALYSIS --- p.28 / LITERATURE REVIEW --- p.28 / MEASURES OF UNDERPRICING --- p.30 / RESULTS AND DISCUSSIONS --- p.31 / CONCLUSION --- p.36 / Chapter CHAPTER 5: --- POST-IPO PERFORMANCE ANALYSIS --- p.37 / LITERATURE REVIEW --- p.37 / MEASURES OF POST-IPO PERFORMANCE --- p.39 / RESULTS AND DISCUSSIONS --- p.40 / CONSTRAINTS OF RESEARCH --- p.43 / APPENDIX --- p.44 / BIBLIOGRAPHY --- p.45

Yuan Shuo. / Thesis (M.Phil.)--Chinese University of Hong Kong, 2005. / Includes bibliographical references (leaves 49-53). / Abstracts in English and Chinese. / Chapter CHAPTER 1 --- Introduction --- p.1 / Chapter CHAPTER 2 --- Literature Review --- p.4 / Chapter 2.1 --- Worldwide IPO Underpricing --- p.4 / Chapter 2.2 --- IPO Underpricing in China --- p.10 / Chapter CHAPTER 3 --- New Explanations for IPO Underpricing --- p.12 / Chapter CHAPTER 4 --- "Data, Methodology and Empirical Results" --- p.15 / Chapter 4.1 --- Data --- p.15 / Chapter 4.2 --- Methodology --- p.19 / Chapter 4.3 --- Models and Empirical Results --- p.27 / Chapter 4.31 --- Underpricing Level Is Measured by the Percentage Difference Between the First Day's Closing Price and the Offer Price --- p.27 / Chapter 4.32 --- Underpricing Level Is Measured by the Percentage Difference Between the Average Price of the First Fifteen Trading Days' Closing Prices and the Offer Price --- p.34 / Chapter 4.33 --- Underpricing Level Is Measured by the Percentage Difference Between the Average Price of the First Seven Trading Days' Closing Prices and the Offer Price --- p.38 / Chapter 4.34 --- Underpricing Level Is Measured by the Percentage Difference Between the Average Price of the First Three Months' Closing Prices and the Offer Price. --- p.42 / Chapter CHAPTER 5 --- Conclusion --- p.47 / REFERENCE --- p.49 / APPENDIX 1 Detailed Regression Results --- p.54 / APPENDIX 2 The Issue Price and Stock Price Movement after IPO for Each Sample Firm --- p.70

Lau, Kai Shing. / Thesis (M.Phil.)--Chinese University of Hong Kong, 1997. / Includes bibliographical references (leaves 74-78). / INTRODUCTION --- p.2 / COVERED WARRANTS AND STOCK OPTIONS: A BRIEF BACKGROUND --- p.6 / Chapter a) --- covered warrants --- p.6 / Chapter b) --- Stock Options --- p.10 / Chapter c) --- covered warrants and stock options： a comparison --- p.14 / Chapter d) --- pricing difference between covered warrants and stock options --- p.18 / LITERATURE REVIEW --- p.20 / Chapter a) --- Introduction --- p.20 / Chapter b) --- theory on issuing of stock options --- p.21 / Chapter c) --- the introduction of stock options --- p.26 / Chapter i) --- Stock Options in United States --- p.26 / Chapter ii) --- Stock Options in United Kingdom --- p.28 / Chapter iii) --- Stock Options in Canada --- p.28 / Chapter iv) --- Options in Asia --- p.29 / Chapter d) --- Return Volatility and Trading Volume --- p.31 / Chapter i) --- Introduction --- p.31 / Chapter ii) --- Mixture of Distribution Hypothesis --- p.32 / Chapter iii) --- Classical Model of the Mixture of Distributions Hypothesis --- p.35 / Chapter iv) --- Recent Empirical Model of the Mixture of Distribution Hypothesis --- p.37 / DATA --- p.40 / METHODOLOGY --- p.43 / Chapter a) --- introduction --- p.43 / Chapter b) --- informational efficiency in the cash market --- p.45 / Chapter i) --- Model for Information Arrival and Price Adjustment --- p.46 / Chapter ii) --- Results --- p.48 / Chapter iii) --- An Overall Effect on the Cash market --- p.55 / Chapter c) --- information Cost and Trading Cost in Covered Warrants Market --- p.57 / Chapter i) --- Introduction --- p.57 / Chapter ii) --- Spread function for Covered Warrants --- p.62 / Chapter iii) --- Results --- p.63 / Chapter iv) --- Adjustments for Moneyness --- p.67 / CONCLUSION --- p.70 / REFERENCES --- p.74

published_or_final_version / Law / Master / Master of Laws

published_or_final_version / abstract / toc / Economics and Finance / Master / Master of Philosophy

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

by Ng Wing-Sze Cecilia. / Thesis (M.B.A.)--Chinese University of Hong Kong, 2003. / Includes bibliographical references (leaves 92-93). / ABSTRACT --- p.ii / TABLE OF CONTENT --- p.iii / CHAPTER / Chapter 1. --- COMPANY PROFILE --- p.1 / The Walt Disney Parks --- p.1 / Hong Kong Disneyland --- p.1 / Location --- p.1 / Park Developer & Operator --- p.2 / Financing --- p.2 / Infrastructure --- p.3 / Schedule of Operation --- p.4 / Chapter 2. --- HONG KONG DISNEYLAND BUSINESS MODEL --- p.6 / Revenue Model --- p.7 / Customer Base --- p.7 / Pricing Strategy --- p.8 / Financial Performance Variable --- p.9 / Risk Management Program --- p.10 / The Walt Disney Company Risk Management --- p.10 / HKDL Risk Management --- p.13 / Risk Management on Book Record --- p.13 / Chapter 3. --- PRECIPITATION RISK EXPOSURE --- p.15 / Introduction to Precipitation --- p.15 / Distinguish between Weather and Climate --- p.16 / Rainfall Risk Exposure --- p.16 / Precipitation in Hong Kong --- p.17 / Overview --- p.17 / Rainstorm Warning System --- p.18 / Practices on Rainy Days --- p.20 / Theme Park Industry --- p.20 / The Ocean Park --- p.21 / Rainfall Risk Mitigation --- p.21 / Chapter 4. --- WEATHER DERIVATIVES --- p.24 / Evolution --- p.24 / The Birth of Weather Derivatives --- p.24 / Weather Risk Management Association --- p.24 / Year 1999 --- p.25 / Year 2000 --- p.25 / Year 2001 --- p.26 / Year 2002 --- p.26 / Precipitation Derivatives --- p.27 / Market & Market Players --- p.28 / Types of Product --- p.30 / Index Derivatives --- p.30 / Event-Basis Derivatives --- p.32 / Chapter 5. --- Hedging Against Rainfall Risk with Weather Derivatives --- p.33 / Formation of Hedging Strategy --- p.34 / Hedging Objectives --- p.34 / Hedging Target --- p.35 / Dimension of Precipitation Impacts --- p.35 / Normal Revenue without Rainfall Risk --- p.40 / Revenue Forecasting for Year 1 --- p.41 / Specifications on the Contracts --- p.46 / Chapter 6. --- General Recommendations to HKDL for hedging with all kinds of Rainfall Derivatives --- p.49 / Choice of Market and Counter Parties --- p.49 / Index Model Design --- p.50 / Dimensions of Variables & Time Scale --- p.50 / Accumulated Rainfall Index --- p.51 / Methodologies of Rainfall Measurements --- p.54 / Location of Rainfall Measuring Stations --- p.54 / Measuring Instrument --- p.56 / Historical Data Consistency --- p.58 / Data Availability and Reliability --- p.59 / Choice of Strike Level --- p.59 / Tick Size and Maximum Payments --- p.62 / Pricing Approach --- p.63 / Chapter 7. --- Example of Rainfall Derivatives --- p.66 / Black/Red Rainstorm Signal Call --- p.66 / Specifications --- p.66 / Revenue model under Different Scenario --- p.68 / Chapter 8. --- Portfolio Management --- p.70 / Risk Management Information System --- p.70 / Issues on Book Keeping --- p.71 / Chapter 9. --- CONCULSION --- p.72