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Indexed by:会议论文

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.