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中国股票市场与国家政策和实体经济的发展密切相关,可以积极的反映出一些与市场相关的因素的变动。原油、煤炭价格和需求等能源因素在国际国内市场的波动很大,尤其是近两年来,油价一度冲高后又大幅回落,这在很大程度上影响了实体经济的发展和国家经济政策的制定,从而波及到了股票价格。本文选取2005年第四季度到2010年第一季度上证能源板块指数、上证指数、原油的价格和需求量、煤炭价格和产量的数据,利用Eviews5.1软件对我国股票价格与能源因素进行相关性分析并得出结论,据此提出相关政策建议。
China’s stock market is closely related to the development of national policies and the real economy, and can positively reflect the changes of some market-related factors. The energy factors such as crude oil, coal prices and demand fluctuate widely in the international and domestic markets. In particular, oil prices plunged sharply and dropped sharply in the past two years. This has greatly affected the development of the real economy and the national economic policies Formulated, thus affecting the stock price. This paper selects the data from the fourth quarter of 2005 to the first quarter of 2010 on the Shanghai Energy Index, the Shanghai Composite Index, crude oil price and demand, coal price and output data, and uses Eviews5.1 software to correlate the stock price and energy factor in China Analyze and draw conclusions, accordingly put forward relevant policy recommendations.