An Empirical Research into the Change in the Spillover Effect of American Stock Market on Shanghai Stock Market after the Shareholding Reform
YU Yu-xin 1, YU Yu-ying 2, FU Fang-xing 3
(1. School of Economics, Fudan University, Shanghai 200433, China|2. School of Business, China University of Political Science and Law, Beijing 102249, China|3. AVIC International, Beijing 100101, China)
Abstract After the shareholding reform, the spillover effect of the trend of American Stock Market on Shanghai Stock Market became obvious whether in the long or short run|the effect of American Stock Markets on the opening of Shanghai Stock Market is obviously greater than on the closing whether from the aspect of conspicuousness or from the aspect of quantity. It shows that the connection of the stock market of our country with the main international stock market is deepening, but at present the influence of the spillover effect on the psychological aspect of the stock market of our country is greater than that of the flow and distribution of funds
TU Yu-Xin-,TU Yu-Ying-,FU Fang-Xin-. An Empirical Research into the Change in the Spillover Effect of American Stock Market on Shanghai Stock Market after the Shareholding Reform. Economic Survey, 2011, 28(4): 0150.
2011, Vol. 28 
