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自2009年10月30日首批28家创业板公司在深圳证券交易所集中挂牌上市,标志着中国创业板正式成立,研究创业板市场与主板市场之间的关系,日益成为各学者、投资者研究的重点。利用沪深300指数和创业板指数考察我国创业板市场与主板市场联动性。实证研究证明我国沪深300指数收盘收益率是创业板指数收盘盘收益率的单向Granger原因,而创业板指数收盘收益率不是沪深300指数收盘收益率的Granger原因。
Since October 30, 2009, the first batch of 28 GEM companies listed on the Shenzhen Stock Exchange, marking the formal establishment of China’s GEM, studying the relationship between the GEM and the motherboard market, has increasingly become a scholar and investor The focus of the research. Using Shanghai and Shenzhen 300 Index and the Growth Enterprise Market Index to examine the linkage between the GEM and the main board in China. Empirical studies show that the closing yield of China’s CSI300 is the one-way Granger cause of the GEM index closing rate, while the GEM index closing rate is not the Granger cause of the closing rate of the CSI300 index.