Since the year 2005, Chinese stock market has became the heated topic among researchers. The non-tradable stock reform is the core reason for this discussion. Some researchers believe that this reform just changes the short term price of the stock, while other researchers have different opinions. This thesis takes the whole picture of this reform, starting from the history of it and ending by analyzing its effect on the performance of the firm. Unlike former studies, this thesis also tries to trace the long term influence of this reform. In the conclusion, some solutions are provided... |