Impacts for Different Markets on Stock Evaluation: Evidence from BeiGene LTD

Zijing Wu

2025

Abstract

Contemporarily, as more and more companies accomplished dual listing, the continued difference in valuations of A-shares and H-shares has got more and more attention. On this basis, this study takes BeiGene LTD. as an example, by analysing the investor structure, stock price momentum in its different markets. Explain the reasons for the BeiGene LTD.’s valuation difference between A-share and H-Shares from the perspective of behavioural finance as well as analyse the feasibility of spatial arbitrage. The research shows, difference investor structure in difference market, overconfidence of investors in the A-share market and herding often causes stock valuations to deviate from normal ranges, which results in the valuation difference between A-shares and H-shares. Besides, arbitrage limits and weak from efficiency would make spatial arbitrage difficult to achieve. These results help listed companies understand the differences in valuations of their products by different market investors as well as provide new perspectives and empirical basis for the development of financial theory.

Paper Citation

in Harvard Style

Wu Z. (2025). Impacts for Different Markets on Stock Evaluation: Evidence from BeiGene LTD. In Proceedings of the 2nd International Conference on E-commerce and Modern Logistics - Volume 1: ICEML; ISBN 978-989-758-775-7, SciTePress, pages 10-14. DOI: 10.5220/0013831900004719

in Bibtex Style

@conference{iceml25,
author={Zijing Wu},
title={Impacts for Different Markets on Stock Evaluation: Evidence from BeiGene LTD},
booktitle={Proceedings of the 2nd International Conference on E-commerce and Modern Logistics - Volume 1: ICEML},
year={2025},
pages={10-14},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0013831900004719},
isbn={978-989-758-775-7},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 2nd International Conference on E-commerce and Modern Logistics - Volume 1: ICEML
TI - Impacts for Different Markets on Stock Evaluation: Evidence from BeiGene LTD
SN - 978-989-758-775-7
AU - Wu Z.
PY - 2025
SP - 10
EP - 14
DO - 10.5220/0013831900004719
PB - SciTePress