Abstract:
In this research, we expect that there are some relationships between exchange rate of CNY and the asset price of Chinese capital market. Some countries with low interest rate will attract many investors to borrow money, and those investors will use this amount of capital to transfer into other curries so that they can invest in that country. With more capital flowing into the capital stock market, the index measured the performance of stocks will have some changes. Somehow, the changes in the exchange rate should be able to predict the changes in Shenzhen Component Index. Using the data from some reliable resources, we would figure out the relationships between them.
Introduction:
Exchange rate is one of the most common rates we concern about in our daily economic activities. Knowing the effect of this rate on Shenzhen
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The reason why we choose this time period can be explained by these reasons: 1.These are the more recent data we can collect from the reliable database 2. 2011 was a year when U.S recovered it economy from the Financial Crisis so that we can avoid the huge influence of the financial crisis on the U.S economy and the China capital market. 3. 2015 was a year when a lot of policies were undertook, and the performance of China capital market experienced ups and downs abnormally due to the sensitivity to the change of policies so that we want to avoid this effect. 4. The reason why we choose the Shenzhen Component Index is that it consists of the most important companies that can represent, to some extent, the performance of China capital market.
We collect the data from daily base so that the volume of the date would be approximately 1,040.
The equation that can be examined the relationship between U.S dollar/ CNY exchange rate and Shenzhen Component Index is showed
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