Research On Chinese Investment In Securities Arbitrage

With the development of China’s market economy, in1990and1991, respectively in Shanghai and Shenzhen, the two stock exchanges, after20years of development, the development of China’s securities market have a certain lag. However, with the constant expansion of China’s GDP, coupled with the increasing proportion of the total world’s GDP of China, so the status of China’s securities market has been significantly improved. China’s securities market is not mature, and the experience accumulated in the system construction and management is relatively small, which led to China’s securities investment arbitrage behavior has a big problem, is not conducive to the healthy and stable development of China’s securities market, such as our arbitrage code of conduct in the securities investment system as well as technical deficiencies.This paper firstly at home and abroad on investment securities arbitrage behavior literature review and summarize; Secondly, analyze and explain the meaning and characteristics of the arbitrage and arbitrage generated in accordance with the Securities Investment securities investment the arbitrage behavior classification, which mainly includes arbitrage price differences, inter-market arbitrage, periodic arbitrage, arbitrage system, several types of behavioral finance applications arbitrage, arbitrage; Then China’s securities investment arbitrage behavior analysis and description, its main institutional deficit the market structural defects, the Securities Investor deviant behavior, information disclosure does not regulate these aspects of the problems and causes; Then, through a case on China’s securities market arbitrage Description, mainly through the Panzhihua New Steel’s second cash option arbitrage opportunities of as arbitrage behavior instances analysis; Finally, the full text of the summary and outlook. Through this article, I hope to give China’s securities investment arbitrage behavior code of conduct and the healthy development of the securities market some suggestions and reference, as well as practical application of the theory of the arbitrage behavior.