The Impact of Investor Sentiment Divergence on AH Share Premium: Evidence from SMIC

Liqing Yin

2025

Abstract

As a matter of fact, plenty of Chinese companies increasingly choose to cross-list on both AH market. However, many shares of Chinese companies listed on both sides of the border have a long history of high AH share premiums. With this in mind, this study will take SMIC as an example to analyse the impacts, whose AH share premium has been high for a long time. By means of using principal component analysis to construct an index of investor sentiment difference between AH, this study will analyse the impact of investor sentiment difference on its AH share premium, as well as further evaluate it based on the combination of macro factors. According to the analysis, it is found that investor sentiment is closely related to AH share premium, and the superimposed influence of macro factors and investor sentiment makes SMIC 's AH share premium rate stay high for a long time. Overall, these results shed light on guiding further exploration of AH share premium.

Paper Citation

in Harvard Style

Yin L. (2025). The Impact of Investor Sentiment Divergence on AH Share Premium: Evidence from SMIC. In Proceedings of the 2nd International Conference on E-commerce and Modern Logistics - Volume 1: ICEML; ISBN 978-989-758-775-7, SciTePress, pages 15-22. DOI: 10.5220/0013832000004719

in Bibtex Style

@conference{iceml25,
author={Liqing Yin},
title={The Impact of Investor Sentiment Divergence on AH Share Premium: Evidence from SMIC},
booktitle={Proceedings of the 2nd International Conference on E-commerce and Modern Logistics - Volume 1: ICEML},
year={2025},
pages={15-22},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0013832000004719},
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 - The Impact of Investor Sentiment Divergence on AH Share Premium: Evidence from SMIC
SN - 978-989-758-775-7
AU - Yin L.
PY - 2025
SP - 15
EP - 22
DO - 10.5220/0013832000004719
PB - SciTePress