An Empirical Analysis of Development of Finance Market and Economic Growth in China
This paper applies the statistic data of every season from 1995 to June 2007, and it examines empirically the relationship between economic growth and finance market development (this paper chooses the banks and stock market as the targets) by analyzing the quantities of economic performance. The result shows that the optimization of financing and the expanding stock market push the economic growth up,but not to the financial reform. Owing to the banking structure cannot be improved in short period, the function of financial intermediaries is important. It indicates that Chinese finance market must satisfy the financing demand of private companies. To Chinese stock market, the regulatory agencies shall direct the investors to focus on the listed companies governance and structures so as to form a reasonable investment market, rather than the speculation market.
empirical analysis finance market banks stock market economic growth
Yu Bin Yang Dongning
College of Business Administration Zhejiang University of Technology Hangzhou 310014,China
国际会议
International Symposium on Financial Engineering and Risk Management(2008年金融工程与风险管理)
上海
英文
263-267
2008-06-01（万方平台首次上网日期，不代表论文的发表时间）