Release Time:2019-03-13  Hits:

Indexed by: Conference Paper

Date of Publication: 2018-01-01

Included Journals: CPCI-SSH

Page Number: 8-14

Key Words: Short-term International Capital Flows; A-stock Market; B-stock Market; SME Board Market

Abstract: We analyze the monthly data of B-stock Market and SME Board market from July 2005 to October 2016 by using VAR model. The results show that Short-term International Capital Flows have significant influence on B-stock Market, and Short-term International Capital Flows interact with the changes of B-stock Market. Moreover, Short-term International Capital Inflows promote the rise of stock price in China's SME Board Market in the short term, and SME Board Market in turn attracts Short-term International Capital Inflows.