Research In Price Volatility Of China Stock Market

The Chinese stock market has got a further progress since its establishment, and it takes a very important functions in allocating resources, transmitting information, price discover, establish a modern Enterprise system and so on. Chinese stock market has a short period of history and the stock price fluctuates violently and frequently, so it is still a rising capital market .therefore, the research about the problem and movement rule of the stock market's volatility had got a great attention by the government and investment. So this paper is aimed to make a systematical study both theoretically and empirically and compare different econometrical models to find a suitable one for China stock market. This paper is divided into five chapters. The contents and viewpoints are summarized as follows:â‘ Content of this paper: this paper gives a brief analysis of the stock market volatility from the aspect of theory and define that the concept of the stock market volatility is the price volatility of the stock market. The price is the key and start of this paper. After that, it explains what the volatility is, what cause the volatility and how to evaluate the volatility. The evaluation system contains two methods: basic common used evaluation and evaluation with econometrical models. The two methods are fully applied in the following Chapter Two and Chapter Three. Have a fully experiential test in china stock market volatility by the two methods above.â‘¡Conclusion of this paper: By analyze the aspect about stock market volatility and Experiential test in china stock market volatility , some main conclusions that some character appear in the time series are the following: volatility cluster of the time series volatility leverage effect of the time series volatility ,unsymmetrical effect of the time series volatility and continuum of the time series volatility.â‘¢Advice of this paper: Finally it gives some enlightening advice on how to control the stock market volatility on the basis of the former analysis. The advice is also given from the aspects of investors, listed companies, intermediate agencies, government management and so on.