Research on the Influence of Securities Investment Fund on the Efficiency of Chinese Securities Market and Policy Suggestions

DOI

10.2991/aebmr.k.220306.006How to use a DOI?

Keywords

Efficiency of securities market; Securities investment funds; Policy suggestion

Abstract

With the rapid expansion of the scale of China’s securities market, investment funds, as an important part of the securities market, also develop rapidly. The scale of investment fund market is expanding day by day, the variety and structure of investment fund are becoming richer day by day, and its influence on the securities market is also emerging day by day. As an investor in the securities market, the operation of investment funds may not only contribute to the healthy development of the securities market, but also have a certain negative impact on the securities market. At the same time, institutional investors are also playing an increasingly important role in China’s capital market, so it is of great significance to study the impact of institutional investors’ trading behavior on the efficiency of capital market. This paper is to study the influence of the operation of China’s investment fund industry on the efficiency of the securities market, and the results show that although some trading behaviors of funds will reduce the efficiency of the stock market, the overall trading of funds plays a positive role in improving the price discovery ability of the market to a certain extent. This paper is of certain significance to promote the improvement of the efficiency of China’s securities market and promote the healthy development of China’s fund industry and securities market.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Cunhao Li
PY  - 2022
DA  - 2022/03/17
TI  - Research on the Influence of Securities Investment Fund on the Efficiency of Chinese Securities Market and Policy Suggestions
BT  - Proceedings of the 7th International Conference on Economy, Management, Law and Education (EMLE 2021)
PB  - Atlantis Press
SP  - 34
EP  - 38
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220306.006
DO  - 10.2991/aebmr.k.220306.006
ID  - Li2022
ER  -