Research On The Regression Of Chinese Stocks Based On Market Timing Theory

The main business in China but overseas listing financing,due to different capital market valuation differences and other factors,in a few years after the listing of the privatization of Exit and seek to return to the domestic market.Under this background,this paper extends the market timing mechanism from the previous single capital market to multiple capital markets,analyzes the behavior of listing,withdrawing and returning in different capital markets,and probes into the role of market timing mechanism in the generalization of stock and its regression.Using normative research method,quantitative research method,case study method and event research method,this paper first expounds the market timing theory,the market timing mechanism and its applicable boundary on the basis of market timing theory,and summarizes the stock and its regression based on market timing analysis.Secondly,through time,place,path and other factors,the Chinese stock and its regression for statistical analysis.Taking the giant network as a case study,this paper illustrates the natural state of giant network and the process of listing-Exit-regression,and combined with the market timing theory,compares the valuation difference between China and the United States capital market and the valuation difference between the two sides of Shell,and analyzes the Chinese generalized giant network and its regression under the market timing mechanism.Finally,the event research method is used to analyze the market effect of giant network shell regression,and the timing effect of giant network shell regression is illustrated by the combination of financial effects.Based on the analysis of theory and market statistics,this paper finds that the general stock and its regression point are closely related to the trend of Chinese and foreign capital markets in the same period,and the market timing mechanism generally plays a role in the time and path decision of the generalization stock and its regression.Based on the case analysis,this paper finds that the difference of valuation level in different markets is the main motivation for giant network listing,exit and return.That is,when the stock market valuation level is higher than the domestic,giant network at the time of the listing to the United States,when the stock market valuation level is lower than at home,giant network first choose to privatize exit and then return to the domestic market;And in let the shell value is undervalued and shell is overrated,giant network seize the opportunity to successfully shell return.Giant network shell regression has had a positive timing effect.This also provides reference for the timing of the return of Chinese equity enterprises,and helps investors and regulators to make rational decisions.