Identification And Research Of Investment Excellent Companies Chinese Stock Market

China stock market has developed for more than 20 years, make a great co ntribution tothe economic development Chinese, become the core power to promo te the economic development of the Chinese entity. In previous NPC and CPPCC, are put forward for thereform and development of the stock market's proposal, which can be seen on thenational Chinese A shares market value degree. In 2014 September, with the launch of a series of policies such as the Shanghai and Ho ng Kong, Chinese stock market out of the 7 year long bear market, the bull mark et show of great momentum, Chinese stock market once again attracted the eyes o f the world, this also makes more investors in A shares more full of expectation. However, the stock market has its own characteristics of uncertainty, in order t o avoid price fluctuations, to circumvent the risks of volatility,investors expect tobe able to identify the return on investment for sustained growth "Excellent Co mpanies" and then obtain excess return investment strategy.This article first to the Excellent Companies theory as the starting point, res pectively,introduced the "Excellent Companies", "Excellent Companies" the definit ion of influencefactor for the development of some theoretical generalization, firs t to the Excellent Companies to do a shape analysis. And learn from the former scholars on stock valuation method summarized, proposed in view of Excellent C ompanies identificationmodel of this paper.Then, this paper makes a quantitative analysis of the Excellent Companies, i n themarket to find the 30 Excellent Companies and 30 comparison company. Ac cording to the previous academic conclusion, summed up the 23 financial indicat ors, using logitic regression analysis, find out the suitable for this, to 7 financial indicators significantlydifference between Excellent Companies and comparison c ompany, and obtained therecognition model outstanding listing Corporation. Accor ding to the compare of average income obtained regression model to find the av erage yield of sample and the marketstandard in the Shanghai and Shenzhen tw o city rate, investment performancedetection.Finally, this thesis summarizes the conclusion, this paper obtains the financial i ndex can distinguish between A shares in Excellent Companies and Ordinary Com pany, the listing Corporation's financial statements can also predict the listing Corporation of the state,and Chinese stock market is semi strong efficient, can guid e investors to invest. This paper is on the development of China stock market put forward three points. Chinastock market as a whole, according to "bucket princi ple" that one aspect of the short board, no matter how hard the other part, the who le will be problems. This is necessary in A stock market, supervision department, listing Corporation, in cooperation with therespective investors, uphold their resp onsibilities, make efforts to Chinese stock marketgood and fast development.