Political constraints and trading strategy in times of market stress: Evidence from the Chinese national social security fund

Yong Li*, Karen Benson, Robert Faff

*Corresponding author for this work

Research output: Contribution to journalArticleResearchpeer-review

1 Citation (Scopus)
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Abstract

We analyze the trading behavior of the Chinese National Social Security Fund (CNSSF) – a fund that operates in a highly political environment. With a particular focus on the financial crisis [2007(Q3)-2009(Q1)], we show that the CNSSF adopts a rebalancing strategy that achieves a balance between portfolio liquidity and growth.

Original languageEnglish
Pages (from-to)217-221
Number of pages5
JournalFinance Research Letters
Volume19
DOIs
Publication statusPublished - 1 Nov 2016
Externally publishedYes

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