“黑天鹅”事件对资本市场的交易影响——2012年中国资本市场“黑天鹅”事件梳理

Influence of "Black Swan" Events on Capital Markets Transactions

世界证券市场中的"黑天鹅"事件可谓防不胜防,由于出事前不可预测,所以"黑天鹅"事件难以避免。越是出乎意料,对市场冲击也就越大,不少个股从天堂坠入地狱。究其原因,巨大的想象空间可能带来巨大的收益空间而忽视风险是主要原因。结合我国证券市场发现,此类事件产生的根源与上市公司诚信度和社会责任感有关。本文梳理了2012年中国证券市场的黑天鹅事件,及其对上市公司和相关行业以及投资者的交易影响,并提出交易策略。

'Black Swan' events in the world stock market can be very hard to detect,because it is unpredictable before the accident,'Black Swan' event is difficult to avoid.The more unexpected,the greater the impact on the market;many stocks fall from heaven to hell.The main reason may be ignoring risk.Combined with China's securities market,the author found that the root cause of such incidents had relationship with the integrity and social responsibility of listing companies.This paper analyzes the 'Black Swan' events in 2012 and their influence on transaction,and puts forward some trading strategies.