- 期刊
International investor sentiment and China stock market returns
摘要
Under the background of the acceleration of the Chinese capital market opening process, international investors have become an important investor group in Chinese stock market. This paper uses the VXFXI index to portray the fear sentiment of international investors on Chinese stock assets, and analyzes the predictive effect on the Chinese stock market returns from the level and shock of fear sentiment. The research shows that international investor sentiment has a significant correlation with the China stock market index and has a significant predictive ability for Chinese market returns, indicating that international investors are ＂smart investors＂.
延伸閱讀
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