The Research On The Risk Measurement Index System Of A-share Market

Since the establishment of the Shanghai Stock Exchange market in December 1990 and the founding of the Shenzhen Stock Exchange market in January 1991, in the nearly two decades Tremendous changes have taken place in China's A share market. It always driving GDP growth has played an important role in driving GDP growth and corporate finance listing. But we should also see that as a new emerging securities market, there are many problems and defects in China's A share market, high-risk has become the main characteristics of China's A share market. Many investors on the A-share market suffered heavy losses as a result of the lack of understanding of the risk level, which shakes their A-share market investment confidence, and will do harmful to the long-term stable development of the China's A-share market . Therefore, timely and accurately given a level of risk faced by A-share market investors to provide investment advice is of great significance.For these reasons, this article choosing a measure of risk research on the A-share market, on the one hand, try to measure A shares by investors facing the A shares risk level of short-term and long-term faced by investors, and to give investment advice; on the other hand, expect for providing new management ideas to A-share market managers, and making contribution to the management of risk control A-share market.In this paper, first take research and evaluation from outside the main indicators of risk measure, and then combine with the features of Chinese A-share market's risk to build the A-share market index system of risk measure, and finally from the perspective of empirical analysis view to validate the superiority of the A-share market's risk measurement index system. In the first chapter, sort out the conception, properties and characteristics of risk, combined with A-share market's specific circumstances, given the risk of A-share market definition and properties of A-share market's risk. In the second chapter, study and evaluate the strengths and weaknesses of the main risk measurement indicators, in order to take some thought inspiration and improvement direction. In the third chapter, in accordance with A-share market's risk characteristics, make the effective book loss frequency in the holding period, and the deviation rate of A-share index, build the A-share market index system of risk measurement. And this chapter is main part of the article. In the fourth chapter, from the perspective of empirical analysis view to compare the A-share market risk measurement system with other ones. In the fifth chapter, on the basis of the research main conclusion will be given.