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The People's Republic of China has increasingly become an attractive location for foreign capital. The flow of foreign capital into mainland China includes the so-called northbound cash flow which is a colorful term that is often used to describe capital flowing into the mainland from Hong Kong. Two markets that have become an attractive destination for northbound cash flow is the Shanghai stock exchange and the Shenzhen stock exchange. This paper investigates the impact, if any, of northbound cash flows on investor sentiment for investors residing in mainland China. In other words, the paper attempts to ascertain whether the extent of northbound cash flows influences the extent to which mainland investors feel either bullish or bearish about the market. The research objective is addressed using quantitative models and focuses on the Shanghai and Shenzhen stock exchange. Research results indicate that northbound cash flows from Hong Kong significantly impacts investor sentiment in mainland China. [ABSTRACT FROM AUTHOR]

Since the 1980s, Hong Kong triad societies have evolved from hierarchical, pyramidal organizations to loose, compartmentalized syndicates that retain a modicum of hierarchy. Changes in triad organization and modus operandi occurred in response to stringent anti-organized crime measures enacted in Hong Kong. However, organizational evolution has facilitated triad transplantation to China and improved triads’ ability to engage in transnational crime. Triads have exploited favorable circumstances in China: prevalent corruption, rapid urbanization, and high demand for illicit goods and services. This paper includes two case studies of the Sun Yee On triad. The first examines Sun Yee On's localized activity by tracing the evolution of one Shenzhen area chapter. The second case study examines Sun Yee On's role as a supplier of methamphetamine precursor chemicals to Mexico's Sinaloa cartel. Sun Yee On exemplifies how modern triads have become hybridized, assuming attributes of both local Chinese organized crime and transnational criminal networks. [ABSTRACT FROM PUBLISHER]