Liquidity Analysis Of Offering Stocks Of Chinese Banks

Liquidity is the most important standard on measuring performance of market microstructure. Securities market is the weatherglass of macroeconomic, and also the listed bank to stock market. It is helpful for investors to understand market attribute of listed banks stock, to make a rational investment. It is also useful for management to value and promote the blue-chip effect of listed banks.This paper is divided into four parts. In the introduction, we reviews the related records of liquidity analysis. The first part, we define the liquidity in our article. The second part, we select an indexes system of liquidity measure based on summarizing on methods of measurement of liquidity. The third part, we calculate the value of offering stocks' liquidity based on listed banks' transaction data. The last part, we discuss section influence factors of individual share liquidity. The conclusion is that there is no blue-chip effect of listed banks on our security market。...