Research On China’s Stock Market Price Manipulation

Stock price manipulation phenomenon has emerged very early in the stock market, it is one of the three major stock market fraud, given the stock market has brought great harm. If the stock price manipulation phenomenon exists in the stock market for a long time, the social resources cannot get a reasonable configuration. And be price manipulation operators, will lead to artificially high price, so stock prices deviate from the long-term value of the stock, harm the interests of small investors, causing them to lose confidence in listed companies against their active participation in investment confidence in the market, which stocks market is very not favorable. If this continue, the stock market will gradually decline, to bring great loss to all investors, especially small investors. Therefore various countries around the world add great importance to price regulation and prevention of manipulation, but over the years the phenomenon of price manipulation still occur s, have not been fundamentally settled.After twenty years of evolvement, has become China’s stock market is an important platform for financing and investment, but China’s securities market was established late than in developed countries for many years and in many ways still not mature enough, but China’s securities market is of a planned economy to market economy in the process of a product, there are many deformities systems, such as tradable, etc. Therefore, with the increase of the size of China’s securities market, there has been a series of price manipulation events, and even a lot more serious than other countries, the share price manipulation governance problem has become one of the focus of our government. Under this backdrop, the study on the problem of price manipulation becomes necessary, with a strong theoretical and practical significance.Contents of this paper is China’s stock market price manipulation, including two parts:First, a review of domestic and foreign stock market price manipulation on the basis of the relevant literature on China’s stock market price manipulation definition, sort, because the theoretical analysis; two event analysis is the use of stock price manipulation case occurred in China’s stock market, the empirical method.The first section, Foreword section describes the topic of this paper, the background and significance of the paper, and then describes the methods and ideas and framework of this research paper. Finally, the theoretical and empirical research on domestic and international stock market price manipulation was reviewed, as well as analysis of event-related literature is summarized and Review.The second section, theoretical study on the stock price manipulation is delimited, the type of stock price manipulation were described in detail, explains why China’s stock market price manipulation, and finally expounded China’s stock market price manipulation harm.The third section is the key points of this article. First, the concept of event analysis and general steps to make a brief introduction, followed by the stock price manipulation events were selected to study samples and data, then the variables of the model and install the event analysis, and give a particular calculation procedure, the final test of significance was based on research data, and to interpret and analyze the empirical results.The fourth section, linking the features of China’s stock market, stock price manipulation on how to reduce the phenomenon and put forward some policy suggestions。...