Study On The China's Stock Bubbles

The impact of the stock bubbles to economic is enormous. Historical shows that, When the bubbles burst often accompanied by economic recession and the collapse of the financial system. China's stock market is still in its initial state, the study of Chinese stock bubbles and its causes,Have important significance to the development of financial markets (in particular the capital market).Based on this point, on micro-level using model of F-0 calculate the stock bubble, what indicates that the phenomenon of stock bubble is quite serious. On the macro-level using the model of MTAR to analysis the stock bubble, what indicates that is easy to make bubble in China's stock market and the change is asymmetrical, studying the causes of the stock bubble. At last, according to China's specific macroeconomic situation, defining China's stock bubble, get the stock market bubble and give some governance mechanisms.