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Web of Proceedings - Francis Academic Press

The Influence of The Belt and Road on the A-share market

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DOI: 10.25236/ssehr.2018.146

Author(s)

Sixiao Chen

Corresponding Author

Sixiao Chen

Abstract

Since President Xi Jinping put forward the strategy of the "Belt and Road" in 2013, the strategy has got the high attention of the international community. The stock market as a barometer of the national economy can timely reflect the change of national policies. The strategy made a series of relevant stock price has a significant volatility, and they formed the independent plate called "Belt and Road". The paper intends to use Event Study Method and Fama-French Three-Factor Model to evaluate the influence of "Belt and Road" on the A-share market, so as to understand the impact of macro policies on the stock market, and find out some mechanism and measures to make the share market better.

Keywords

The Belt and Road, Fama-French Three-Factor Model, Event Study Method, Abnormal Return.