The Research For The National Economy Representation Of China's Stock Market

The national economy s representation of China's stock market has been concerning by scholars in 20 years. After the year 2000, the national economy GDP is increasing quickly in double-digit percent each year, but the stock market dispirit in all the time, until 2005, the stock market becomed a unprecedented great bull market. Under the circumstances, Whether China s stock market really play a representative role in national economy. What will be the desiderating topic we need to research.This article is focused on researching for the national economy s representation of China's stock market. Looking back, combining with our actual situation that draw out this article s deviation formula, then study the national representation of China's stock market from the perspective of regions and industries, and go to empirical analysis. The regional analysis in this article, that selecting from 1994 to 2007 of the GDP and market value s data from Various provinces and cities, to calculate the provinces and cities GDP deviation median coefficient, provinces and cities market value deviation median coefficient, provinces and cities deviation rate, come out with provinces and cities mean and variance; Similarly, in industry, choosing from 1998 to 2007 of the GDP and market value s data from various industries and cities, to calculate the industries and cities GDP deviation median coefficient, provinces and cities market value deviation median coefficient, industries and cities deviation rate, come out with industries and cities mean and variance, gained the accurate deviation rate from stock market to national economy, and research them together. As the Empirical research result show, that through studying the national representation of China's stock market from the perspective of regions and industries, draw the relative consistent conclusion: at present, the national economy representation in the stock market is not strong, but as time goes on, the representation will be stronger and stronger. In the end, on the basis of an empirical study to put forward appropriate solutions and recommendations as to strengthen the national economy representation of China stock market.