The Research Of Stock Investment Strategy Based On The Big Shareholders Increasing Effect

In the1990s, our country state-owned enterprise shareholding system reform process left a very important problem, that is, the part of the state-owned and legal person share being limited circulation. So in this period, big shareholders increase shares by agreement transfer. After equity division reform, big shareholders can through exchange-traded stocks. Big shareholder is company’s actual control and management decision makers, so they know a lot of things about the company’s management status. So big shareholders increasing events is as a kind of way, which finding company’s internal information. After the equity division reform in our country realized the full circulation of stocks, our country’s stock market can be free trade. On the one hand the reform of the equity division promotes the Chinese stock market become more maturity and perfectly, on the other hand it makes the big shareholders increasing event become more common. Because the big shareholders involved in the management of listed companies, and they know very clearly about the listed company’s operation statement and its intrinsic value, so many investors’stock investment decisions based on the big shareholders increasing events. Every moment in the market will have a lot of information to be made public. Investors who full analyzed the information can profit from the stock investment.With China’s stock market scale enlarging development and perfection, stock investment has gradually become a major investment channels of many investors. Stock investment analysis method is broad investor attention. Although many investors have mastered a variety of technical analysis method and the fundamental analysis method, but it is very difficultly to get the lasting and stability earnings. The reason is investors can’t overcome the irrational behavior and mental fluctuations during the investment process, even cause them to hang on their own decision, and most investors can be misled by the new information. To solve this problem, a good way is to find a long-term investment strategy of profit, and implement it in a long time.The contents of this paper are divided into the following several parts:First of all, the paper summaries and analyzes the current research status of related field. Through the analysis of the present status of related field, the authors find that it is a very few paper advanced and pertinence research about the investment strategy that based on the big shareholder increasing events. Therefore, this research is the new Angle of the big shareholders increasing problems.Next, this paper introduces the efficient market hypothesis and signal transfer theory in the stock investment. In the paper of this part I analysis five information of the big shareholder increasing events using the signal transfer theory.The third part of my paper is the empirical research. In this part, I make the empirical research on the short-term and long-term investment value about the big shareholders increasing events.The last part of the paper is about how to construct the short-term and long-term investment strategy based on the big shareholders increasing events. In this part my paper designs long-term and short-term stock investment strategy based on the big shareholders increasing events respectively.Based on the event of short-term and long-term holdings more from the major largest shareholders, this paper need to pay more attentions to the followings two significances:On the one hand, the researches on the holdings more can provide investors with a stable and lasting profitable stock investment strategy, and also can provide suggestions to investors how to use the signals transmission to build investment strategies.On the other hand, I construct events based on the holdings of major shareholders investment strategies in addition to guide investment, there is an important role is that we can accelerate the elimination of the more obvious arbitrage market, and promote China’s stock markets more efficient.The existing researches of wealth effects on the holdings of major shareholders only stay in the presence of wealth effects, or what types of holdings of the wealth effect is more obvious. And there are no specific researches about stock investment strategy based on the holdings of major shareholders.On the basis of previous researches, this article is more in-depth and specialized to solve the problems about short-term and long-term holdings more of major shareholders. Even more the results of this paper can guide investors to choose more rational investment strategies, which is also the key point and innovation of my analysis.But the measurement methods of company valuation used in my researches on the event of holdings more from major shareholders for long-term investment are single and simple to some extent. In addition, the empirical results of the long-term investment are not so significant.Therefore, the long-term empirical analysis in future research needs to be more in-depth and comprehensive study. This is also the inadequacies of this study.