Efficient Market Theory And An Empirical Study On The Weak Form Of Efficient Market Theory In China's Stock Market

The thesis is a study on the efficiency of capital market. Firstly, on the basis of introduction of the efficiency of capital market and Efficient Market Theory, this thesis explores the Efficient Market Theory deeply and systematically with application of Rational Expectation Theory and Information Economics. It also analyzes the defection of the assumption of Efficient Market Theory. Secondly, the thesis applies some statistical models to the study of the efficiency of China's stock market through empirical method. The result shows that China's stock market hasn't achieved the weak form of Efficient Market. In the 3rd part of the thesis, some suggestions are given to improve the efficiency of China's stock market.