Proceedings of the 2020 2nd International Conference on Economic Management and Cultural Industry (ICEMCI 2020)

Research on the Impact of COVID-19 on China’s Capital Market

Authors
Meixi Chen, Yitong Xin
Corresponding Author
Meixi Chen
Available Online 30 November 2020.
DOI
10.2991/aebmr.k.201128.045How to use a DOI?
Keywords
COVID-19 situation, capital market, event research method
Abstract

The outbreak of COVID-19 has a great impact on the development of China’s capital market. Based on the event study method, this paper quantitatively analyzes the impact of COVID-19 on China’s capital market as a whole and various industries. The results show that: first, the initial stage of the outbreak of Xinguan has a significant short-term negative impact on the capital market, and the impact effect reaches the peak on the second day of the event, but the outbreak of the overseas epidemic has brought significant positive effects on China’s capital market; second, the short-term significant negative impact of the new crown epidemic on the capital market has obvious industry heterogeneity. Based on this, this paper puts forward policy suggestions to deal with public emergencies from three perspectives of the government, investors and enterprises, which is of great significance to maintain the stable development of the capital market.

Copyright
© 2020, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 2020 2nd International Conference on Economic Management and Cultural Industry (ICEMCI 2020)
Series
Advances in Economics, Business and Management Research
Publication Date
30 November 2020
ISBN
10.2991/aebmr.k.201128.045
ISSN
2352-5428
DOI
10.2991/aebmr.k.201128.045How to use a DOI?
Copyright
© 2020, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Meixi Chen
AU  - Yitong Xin
PY  - 2020
DA  - 2020/11/30
TI  - Research on the Impact of COVID-19 on China’s Capital Market
BT  - Proceedings of the 2020 2nd International Conference on Economic Management and Cultural Industry (ICEMCI 2020)
PB  - Atlantis Press
SP  - 220
EP  - 226
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.201128.045
DO  - 10.2991/aebmr.k.201128.045
ID  - Chen2020
ER  -