Interest Rate Adjustment Of China’s Listed Banks Empirical Analysis Of Stock Price Volatility

Since2008, the face of high growth in the domestic economy of inflation, housing prices continued to rise, capital gains fall in the complex economic situation, China’s central bank within three years, including a variety of deposit and lending rates, including frequent interest rate adjustments, which one-year deposit and lending rates for the adjustment of up to ten times. As China’s interest rate market while increasing levels of China’s monetary market’s role in the financial markets is also growing, money market interest rates impact the stock market has become increasingly evident.Interest rate adjustment on the price fluctuations has been a hot research scholars at home and abroad, however, to adjust interest rates on bank stock price fluctuations of less. Mainly engaged in commercial banks as deposit and loan business, financial markets play in the financial hub of the functions of financial intermediaries, and its stock price fluctuations and interest rate adjustment of their own operations are very sensitive. Related to the stability of bank shares continued financing of commercial banks and the capital market stable, commercial banks and the stability is related to the normal operation of the entire economy, so the interest rate policy adjustments need to consider not only the operational status of the economy, banks also need to consider stock price fluctuations and the normal operation of commercial banks. Based on this meaning, this combination of interest rate adjustments for stock price fluctuations related to the theory, the use of measurement analysis, event analysis and other methods to analyze the interest rate adjustment on bank stock prices fluctuations.This paper theoretically analyzes the relationship between interest rates and stock prices, interest rate adjustments and the impact on stock prices; secondly, by using unit root test, cointegration test and Granger causality test and other measurement analysis of empirical studies of market interest rates and bank stock the relationship between long-term verification of a negative correlation between the two, and came to the market interest rate is the bank’s stock price one-way Granger causes the conclusion; again, by the event analysis and comparative analysis of the control to adjust the interest rate on bank stock effect, verify the bank stock prices to interest rate adjustment of the level of impact than the overall market is more sensitive, and came to control interest rates in the short term impact of adjustment on the price effect is not significant conclusions; final with China’s actual situation on the analysis of empirical findings, and the regulatory authorities and investors are given the appropriate policy recommendations.