摘要
随着中国证券市场的发展和我国加入WTO的日益临近 ,A、B股市场的合并已经是大势所趋 ,而A、B股的关系则是其合并的关键 ,另外对A、B股市场关系的研究可以让我们更好的理解两个市场所具有的不同特征以及管理层的政策。因此应用协整理论对A、B股市场的关系进行实证检验 ,并从中找出一些结论。
Chinese Stock A&B Market is bound to immerged along with the development of Chinese stock market and step by step of our joining the WTO. However, the key of this merge is the relationship of the A&B market, and this research can help us to understand the policy of government. So in this paper we will research the relationship of them by the cointergration test.
