Research On Stock Market Integration In European Union

Under the economic globalization and financial integration, EU securities integration became the most noticeable part of the EU economic integration, and in it the development of EU stock integration has also made great progress. At the same time with the constant development of China's economy, domestic enterprises would issue more shares to foreign markets, and integrated EU stock market is one of the best overseas investment markets our country can choose.At present, the EU stock market integration has developed to a certain extent at the joint efforts of EU member countries, but the overall level of stock market integration is still not high, and new financial crisis made the stock market suffer enormous impact. So this thesis tries to address the issue of the EU stock market integration, the basis of it was analyzed which included the development status, level, development prospects and obstacles and the impact to EU countries in and out of the region. Further more, empirical analysis was done on the EU stock market integration by stock index, and the innovation is the selection of indicators which for each participant of the stock market. The main findings of this thesis are as follows:The current degree of integration of EU stock market in general is not too high, which was mainly manifested in the part of supervision, EU still lacks a comprehensive law on the unified supervision of EU level, but about the intermediary organizations of stock market, its mergence caused by competition made the degree of integration continuously improved. The impact to EU countries in and out of the region has both advantages and disadvantages, but generally the earning was greater than risks.