The Impact Of "Made In China 2025" On Stock Price

This paper mainly studies whether the policy information of "Made in China 2025"has influence on related concept stocks in the stock market through empirical analysis."Made in China 2025" was promulgated as a national policy to verify the existence of policy effects,and provide advice to relevant companies and stock investors.The proposal of "Made in China 2025" can promote the transformation and upgrading of manufacturing industry,build intelligent manufacturing industry,and promote the development of Companies in related fields.With the implementation of the policy,the stock market has also produced corresponding shocks.The development of the world economy has entered the post-financial crisis era.The global economic recovery is weak,and the development of enterprises in various countries is also very difficult.It can be seen that although China has withstood the test in this economic crisis,it has also exposed that the problem of Chinese enterprises in the development process.China does not have an internationally renowned brand,and it lacks innovation.At the same time,China is gradually losing its cost advantage.As the main body of a country's economic development,manufacturing can reflect the productivity of a country and is an important foundation for revitalizing the country.In recent years,the global manufacturing industry has undergone earth-shaking changes.At this critical moment,China must seize the opportunity to adjust China's development mode,and make the transformation and upgrading of manufacturing industry a top priority.China has to complete the transition from "Made in China" to"Created in China." The "Made in China 2025" initiative was first proposed on March 5,2015 when Premier Li Keqiang made a "Government Work Report" at the National People's Congress.Once this initiative appeared,it had an impact nationwide.This policy is based on China's actual situation.It wants to combine informationization with industrialization,develop smart manufacturing,and transform China's low-end manufacturing industry into a high-end manufacturing chain.At the same time,we will also transform our competition through cost advantage to rely on quality and innovation to compete and truly create our own world-class brand.China's economy has an important position in the development and stability of the global economy.With the development of science and technology and finance,financial markets have emerged.At the same time,the financial market will respond accordingly with the fluctuation of the economy.This paper is based on the stock price volatility theory,the influencing factors of stock price volatility and the empirical research on the stock price volatility of "Made in China 2025" related concepts,to explore whether the "Made in China 2025"initiative has a policy effect on the stock market.Through research,the results show that the information of "Made in China 2025" has an impact on the stock price fluctuation of "Made in China 2025”related listed companies,and found that the policy effect is obvious.In short,the emergence of policy events has promoted the development of the "Made in China 2025”concept company to a certain extent.And it's basically good news for the events you choose,so you can generate a positive return on investment in a short period of time.By calculating the company's excess return rate during the event window of the "Made in China 2025" concept company,it was found that there was not an excess return in the selected range,which also proved that the company's performance is not exactly the same under different market conditions.This will help listed companies and investors to take into account the impact of policy information when making decisions.Policy information is an important indicator of development and investment.Finally,relevant recommendations are made from the perspective of government,market and investors.