MACROECONOMIC VARIABLES INFLUENCE ON STOCK MARKET IN CHINA

Abstract

The long-term relationship between the stock market and the macro economy has always been a hot topic in the financial field. China's stock market is still in a very immature stage of development, and has been increasingly influenced by macroeconomic regulation and control. Many domestic scholars have carried out theoretical and empirical research on the relationship between China's stock market and macro economy.

This paper selects the macroeconomic variables, the gross domestic product, the consumer price index, the money supply as the explanatory variable, and selects the Shanghai Composite Index as the explanatory variable, and uses the monthly data of 2012-2017 years to carry out an empirical study on the relationship between China's stock market and macroeconomic variables.