The Characteristic Analysis of the Price Fluctuation in China's Stock Market
Qu Yong · Journal of Tsinghua University(Science and Technology) · 2003
The fluctuating stock price is the most unfathomable but also the most attractive element in the stock market. The research into the fluctuation in China's stock market proceeds between Sept.1997 and Oct.2002, during which Chinese stock market happened to experience a procedure from flourish to winter. These two quite different conditions provide us with a good opportunity to research further into the fluctuation characteristics in Chinese stock market. According to the economic control theory, this paper adopts the theory analysis, positive analysis of the market exchange data and other technical methods to conduct an indepth study of the price fluctuation of China's stock market. The forth chapter establish the theory model by the use of economic control theory, choose the comprehensive index of Shanghai and Shenzhen Stock Exchange as samples, and make a quantitative analysis of the fluctuation.