China Launched A Feasibility Study Of The Stock Stabilization Fund

Recently, the news that the stock stabilization fund will intervene the market is diffusing. At the same time, some people come out to refute the rumor unceasingly, expressing that the news about stabilization fund is not approved. In view of this phenomenon, the paper conducts the research about the feasibility of stabilization fund, looking forward to certain practical significance to the development of stock market.The paper first defines the concept of stabilization fund. In this foundation, the cases of domestic and foreign stock stabilization fund summarize. And then from two part of theory and actual operation, the paper analyzes the influence of stabilization fund to stock market and conducts that our country is not supposed to promote the fund. Some corresponding suggestion is proposed, subsequently. The paper specifically may divide into:The first chapter strictly limits the concept of stabilization fund, pointing out that the fund is a non-profit policy implement to calm the non-sense fluctuation. Then we examine the cases of implementation of stabilization fund in South Korea, Japan, Hongkong and Taiwan, and introduce some dissertations about this fund in our country.Second chapter has drawn out the effective market theory in the explanation of relation of stock price information. Using this theory to analyze stock stabilization fund, we may discover that the operation of stabilization fund has been an indispensable factor in stock price information collect. The operation of stabilization fund affects stock price and causes the stock price estimation system to be chaotic and the resource disposition to be non-effective. The operation of stabilization fund also enlarges the stock market risk and discounts the government interference effectiveness. At the same time, it may reduce government confidence level.The third chapter elaborates that our country should not promote the stabilization fund from the view of the credibility of stabilization fund operation, the capital source, the speculation factor and some other actual operation problems.