Empirical Study On The Impact Of Interest Rate Fluctuation To Stock Price Of Listed Banks In China

In the actual economic activities,there are many factors that will affect the stock price,but in many factors,the influence of interest rate on stock price is the most direct and rapid,and the impact strength is very strong.When interest rates change,this effect will affect stock prices through the transmission mechanism between money market and capital market.At present,the theoretical foundation of this field reflects that the positive change of interest rate will have a negative impact on stock price.The relevant scholars should also take the above view through theoretical and empirical research.But because of the special nature of China's economy,the influence of policy factors on the stock market is great.Can the change of interest rate have a negative impact on the stock price like the basic theory?Therefore,this paper will study the impact of interest rate changes on the stock prices of listed banks in China through theoretical and empirical research.The specific contents of this study are:1.First,the research status in this field is sorted out,which is divided into three parts to sort out the research status at home and abroad.Secondly,the basic theory is studied,and the basic theory involved in the study of the impact of interest rate on stock price is analyzed.Thirdly,it analyzes the current situation of China's interest rate reform policy and the impact of interest rate liberalization on banks.Secondly,it is an empirical analysis of the impact of interest rate changes on the stock price of listed banks.The study is about the impact of the benchmark deposit rate,the benchmark interest rate,Shibor,and the exchange rate on the stock index of China's banking industry,and to explore the long-term and short-term impact and direction.After that,the banking industry is classified,and the effect of interest rate changes on the stock price of state-owned holding banks and joint-stock banks is studied.Finally,it is the conclusion and policy recommendations of the full text.