Research On The Performance Of China’s Stock Market

With the rapid development of our economy, the stock market scale expands day by day, the function increases ceaselessly. Whether these features of China’s stock market are effective? Whether these performances of China’s stock market are low? These questions have become many domestic and foreign economist’s research focus. It has important significance for China’s future economic development.This thesis is focused on the Chinese stock market performance,and analyzes the stock market functions. This paper selects the history data of China stock market development,and uses the relevant model to undertake quantitative analysis. Through qualitative analysis and quantitative analysis to study China’s stock market function. For example, raising funds、optimizing the allocation of resources and promoting economic growth.On this basis, The paper puts forward a reasonable structure、omplete functions、 moderate scale、regulate the operation of the stock market system and the countermeasures. This paper includes four chapters:The first chapter, mainly introduces the research background,the domestic and foreign research literature revie，research significance.content,thought,method and research innovation and insufficient etc.The second chapter gives an overview of China’s stock market performance.The paper reviews the development of China’s stock market history. It analyses the stock market of our country and its function on the conduction mechanism of economic growth. The study of the efficiency of China’s stock market in a variety of test model in theory.The third chapter, analysis of China’s stock market performance in qualitative and quantitative aspects. The qualitative analysis includes the analysis of stock market financing efficiency、resource allocation efficiency and information efficiency. Analysis method. For example, unit root test, cointegration test, Granger causality test and Grainger. The paper draws the conclusion not high performance in Chinese stock market.The fourth chapter analyzes the reason of stock market not exert the function and put forward the countermeasure. These problems include:Disclosure of information is not perfect,the investor structure unreasonable,the governance structure of listed companies is not perfect,the stock market structure imbalance laws and regulations are not congruent. Recommendations include:perfecting information disclosure mechanism,adjusting the structure of investors in Chinese stock market.qultivate rational investors,improve the corporate governance of Chinese Listed Companies,the establishment of a multi-level market system and perfect related laws and regulations and to ensure the healthy operation of the stock market.