Research Of Effect Of Policy Factors On Chinese Stock Market

Our government above stock market has got three strain status: namely bailiff, big shareholder and superviser , government plays three conflict parts at the same time , distorting his action and influncing the regulation and control to the stock market, which leads to the characteristic of "policy market" , those factors affect the stock market efficiency .Especially after Me 8 ,2005 ,people paid more attention to stock and stock market ."Policy market" was more and more significant.It is of great importance for us to improve the working efficiency of our stock market through making right economic policy , To promote healthy and stable development of economy .Based on the supervision condition of Chinese stock market ,the paper have carried out a detailed analysis to our stock market,and unioned current situation .Aspected from such as the financing ,the distribution allocation of resources , The stock market reflected to the economic situation and the risk of stock market, the paper had specific analysis on effect of policy factors on Chinese stock market .At the same time ,analysed the cause located concretely .at last ,the paper be aimed at the supervision condition of management and control to Chinese stock market,and consider of the capacity of our government ,also consider of the accurate system standard of management and control to Chinese stock market .The paper pointed out that how to improve customs supervision and enhance the stock market efficiency .The paper was divided into four parts :the first part was the overview of the documents ;the second part presented supervision condition of Chinese stock market ;the third part was analysis of effect of policy factors on Chinese stock market ;the forth part was the countermeasure and suggestion on improve customs supervision and enhance the stock market efficiency .Be amied at the supervision condition of Chinese stock market ,the paper tried to analyse the problem at acompletly different angle .as a manager of market ,how to solve the effective problem .It is enstrenghed that policy ,system ,etc caused the change to marketefficiency .But ,because of my limited ability ,the paper was not able to make more significant analysis ,and the suggestion was insufficient.