Policy factor and price fluctuation mechanism in China securities market

被引：0
|
作者：
Cheng, LW [1 ]
Sun, QY [1 ]
机构：
[1] Harbin Inst Technol, Sch Management, Harbin 150001, Peoples R China
来源：
PROCEEDINGS OF 2003 INTERNATIONAL CONFERENCE ON MANAGEMENT SCIENCE & ENGINEERING, VOLS I AND II | 2003年
关键词：
policy factor; price fluctuation; securities market;
D O I：
暂无
中图分类号：
TP18 [人工智能理论];
学科分类号：
081104 ; 0812 ; 0835 ; 1405 ;
摘要：
Different from other emerging securities markets, policy factor has always been the biggest inducement of price fluctuation in China securities market. The dual role of government and the multiple objective of policy determine the intrinsic instability of security price in China. The over manipulation of institutional investors and the activity of small and medium investors to follow the market price maker enlarge the fluctuation of security price. Therefore, government should rectify its role, clarify its policy objective, perfect the system of information disclosure, standardize behaviors of institutional investors, and encourage mass small and medium investors to hold a thoughtful and discriminating sight so that the over fluctuation in China securities market can be restrained.
引用
收藏
页码：1624 / 1628
页数：5
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