An Analysis Of The Combination Of Quantitative Investment Strategy And Psychology In China

Since the financial crisis in 2008,in response to the receding economy environment,countries in the world generally adopted long term leasing,which made the mainstreaming assets bubble,and stimulated the requirement of maintaining and increasing assets value by public.Under current situation of China's asset management industry,the scope of asset management for Security Fund Industry is far less than Bank Financing Market.The situation reflects the wide development space for Fund Industry,and the preference of absolute benefit for public to choose Bank Financing.In recent years,the establishment of multi-level capital market and the progress of internationalization makes the scope of investment diversification.Meanwhile,there is higher requirement to the professional level for Security Fund Managers.Since the year of 2015,the fluctuation of China's security market increases,which changes the risk partiality of public,promotes the Security Fund Industry's survival of the fittest.Lots of small Private Equity Funds survives difficulty,meanwhile tens of billions of Private Equity Funds hit a highest record in the history.In the long term,the requirement of China's Bank financing Market is huge,the security investment fund is an important part of capital market,to benefit from the continued deepen of financial reform and steady growth of resident wealth.And the Quantitative Investment Fund as a new force in domestic capital market is facing unprecedented opportunities and challenges.Along with the rapid development of information technology in China,quantitative tools is popularized in Security Fund Industry,big data technology and deep learning concept is gradually reconstructing the management of Security Funds.Quantitative Investment has advantage in computing,retrieval and strategy curing,ect.comparing with active management,it is suitable to seek absolute benefit,and it is recognized by investors in aspect of replicability.Therefore,the scope of Quantitative Funds grows rapidly.Due to the deeply particularity of domestic institutional environment and public preference,if we want to get achievement with reasonable application of quantitative techniques in the field of security investment,we should fully understand the characteristic of domestic capital market and the model of participants' psychological behavior,in order to enhance the stability and efficiency of investment strategy,rather than simply copy the international mainstream shaping strategy.This paper is doing research on the opportunities and facing problems by developing of China's security investment industry especially quantitative investment area through theoretical discussion and empirical analysis.Comparing the difference between domestic capital market environment and overseas capital market environment,between the structure of participants and Security Funds.Through the combined analysis of quantitative techniques and psychology,doing back testing and investment model deduction of historical data,attempt to seek suitable dominant strategy for domestic capital market,so as to make it possible for creating long time absolute benefit for investors.