局部战争条件下中国股票市场的安全性研究

Stock Market Security Study in China in View of Regional Conflict

由于投资者行为的非理性、经营机构行为不规范、政府政策的不确定性和交易制度、市场规模以及投资主体等诸多因素影响,我国的股票市场具有强烈的波动性和暴发性。在局部战争的条件下,股票市场这一“市场经济的晴雨表”不可避免地要受到较大的冲击。战争是影响股市价格最复杂的政治因素,其对股市既有间接的长期影响,也有短期的直接影响;在战争的不同阶段,其对股市的影响也有很大不同。本文对此进行了深入细致的分析,并对如何维护战争时期股票市场的稳定性提出了相应的政策建议。

The paper points out that factors, for instance investors＇ irrationality, illegal behaviors of security corporations, uncertainty of governmental policies, trade regulations, scales of market, attach the characteristics of fluctuation and exploding to Chinese stock market. Under the condition of local war, the stock market as ＂the mirror of economy situation＂ would inevitably be affected. The war is the most complicated political essential factor for stock market and its influence would be dumtive and indirect or temporary and direct, variant at different periods. This paper provides an in-depth analysis of these situations and raises policy-suggestions of maintaining the stability of stock market.