Proceedings of the 2021 6th International Conference on Social Sciences and Economic Development (ICSSED 2021)

Research on the Interaction Among Financial Markets in China, Hong Kong and the United States —— Based on Modified CHMM Model

Authors
Li Tong, Zhou Sijia, Qiu Xuelin, Yang Xuanwei
Corresponding Author
Li Tong
Available Online 8 April 2021.
DOI
https://doi.org/10.2991/assehr.k.210407.130How to use a DOI?
Keywords
International financial market, interactive influence, modified CHMM model
Abstract

This paper takes the stock market, bond market and futures market price index returns rates in China, Hong Kong and the United States as research objects, and uses the modified CHMM model to study the interaction between different financial market price indexes. The empirical results show that the interaction between financial market price indexes is relatively close during the sample period; American stock market, American bond market and American futures market are the active initiators of interaction. American financial market has a stronger interactive influence on Hong Kong financial market than China, and China is the active initiator of interaction between China and Hong Kong.

Copyright
© 2021, 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 2021 6th International Conference on Social Sciences and Economic Development (ICSSED 2021)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
8 April 2021
ISBN
978-94-6239-360-8
ISSN
2352-5398
DOI
https://doi.org/10.2991/assehr.k.210407.130How to use a DOI?
Copyright
© 2021, 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  - Li Tong
AU  - Zhou Sijia
AU  - Qiu Xuelin
AU  - Yang Xuanwei
PY  - 2021
DA  - 2021/04/08
TI  - Research on the Interaction Among Financial Markets in China, Hong Kong and the United States —— Based on Modified CHMM Model
BT  - Proceedings of the 2021 6th International Conference on Social Sciences and Economic Development (ICSSED 2021)
PB  - Atlantis Press
SP  - 686
EP  - 691
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.210407.130
DO  - https://doi.org/10.2991/assehr.k.210407.130
ID  - Tong2021
ER  -