利率变动对我国证券市场的影响分析

Analysis of the Impact of Interest Rate Change on China's Securities Market

股市是国民经济的重要组成部分,国民经济的宏观走势对股市有着非常重要的影响。在宏观经济的相关变量中,利率变动对股市带来的影响最直接、最明显。本文主要分析了利率变动对我国股指的影响,认为我国股市信息不对称现象严重,股市对利率变动预期有过度反应。

Because the stock market is a major part of the national economy,the macroeconomic trends has very significant impacts on the stock market.In the relevant macroeconomic variables,changes of the interest rate most directly and obviously influence the stock market.The paper has mainly analyzed changes of interest rates＇ impact on China＇s stock index,that China＇s stock market is a serious problem of information asymmetry,the stock market is over-reaction to changes of interest rates.