Development And Study Of Value Investment Theory About Stock Market Of China At Present

Securities market is expected to promote Chinese economic change as it is one of main approaches for enterprise direct financing in the beginning of the twelfth five-year-plan outline for national economic and social development of the People's Republic of China at 2011. Value investment theory has to focus on people attention because of great success in western mature capital market, so that it is endowed with key role in operation of securities market of China. Organization investors or common investors have not obtained good profit from investment in light of value investment which has developed in more ten years. The result is not only concerned with newly capital market of China, but also complete understanding about value investment. In fact, many investors consider they are value investors, but do short speculation of stock. What are the value investment and its essence characters?Classical value investment theories and their development are introduced firstly in this paper, as the same time theoretic foundation of value investment is discussed as well as the developing status quo of value investment in China is summarized, lastly the essence of value investment is safety boundary and ability circle principles on the basis of persisting competition advantage. Some problems about value investment are drawn conclusion on the basis of whole circulation background combining the trait of capital market, briefly classical inherence value estimation models are narrated and then inherence value estimation of stock is investigated in light of important outburst events, as the same time a kind of new computing method for inherence value estimation of stock is put forward in order to investment strategy choice basing on qualitative analysis. The computing method for value estimation of stock in the paper is easy to calculate in favor of common investors, and obtains relatively rational estimation under qualitative analysis, lastly can be tested by empirical study to approaching the value estimation of many institutes...