Research On China 's Stock Market Bubble Based On Risk Management

As social and economic development of the stock as one of the product ofeconomic development continue to be the state and enterprises attach importance tosocial and economic development, and it provides a huge role in promoting.But there is a phenomenon of people do not want to see, along with the stock-the stock bubble. Especially in today’s credit currency and credit system everdeveloped, more and more high frequency of occurrence of the stock bubble, the sizeand scope of the impact is also growing.2008the U.S. subprime mortgage crisis sweeping the globe, seriousrepercussions on the world economy, but also for the world’s major stock marketshad a great hit. We must ask the next stock market bubble when, where and in whatway again?But so far have not been able to answer this question give an accurate answer.,Economists stock bubble is still in the initial state of knowledge, its generationmechanism and the process of running, there are many questions we generally agreethat effective measures to deal with the stock market bubble is also continuousexploration in.Risk management and stock market bubble theory to collate and summarize;and then on the New York stock market crash of1929, the Asian financial crisis in1997and2008, the U.S. subprime mortgage crisis, at the same time come to dealwith the stock market bubble revelation; and finally to describe the fundamentals ofChina’s stock market and risk management perspective, from the identification of thestock market bubble, stock market bubble of the measurement and the stock marketbubble after deal with three aspects to describe China’s stock market from1997to2012foam. Earnings model, the FO model taking into account and Marshall K valueof coefficient model operator come to the stock market bubble over the years, come to the conclusion: China’s stock market has a very large bubble in2000and2007,while in other years, China’s stock market foam and maturity of the securities marketis still in a higher location to run. Currently, due to the influence of the backgroundof the international economic downturn, the stock market bubble in China is at arelatively low level.This article’s main innovation points as follows: mainly from the perspective ofrisk management research in China’s stock market bubble problem, specificelaboration for the stock market bubble of the recognition, measurement of a stockmarket bubble and the stock market bubble in the process three aspects to specificrisk research. And for the realization of a stock market bubble risk early warning andmade positive theoretical exploration and construction operation.