Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
Series Vol. 46 , 01 December 2023
Open
Access | Article
The Influence of Capital Market Openness on the Sentiment of Chinese Investors
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Abstract
In recent years, China has been gradually and progressively promoting the opening of its capital markets to the outside world. In this study, a questionnaire survey and SEM (Structural Equation Modeling) model analysis were used to investigate the mechanisms and outcomes of capital market openness on Chinese investor sentiment based on the Land-Hong Kong Link Policy.The study reveals that following the opening of the capital markets, individual investor sentiment tends to become more rational due to factors such as changes in investor structure and shifts in value investment concepts. In the future, it is recommended that China's capital markets promote basic investment education and enhance the development of financial regulations to progress towards a deeper level of openness.
Keywords
capital market openness, investor sentiment, individual investors, SEM model
References
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4. Guo, MX 2019, Capital Market Opening, Internal and External Governance and Comparability of Accounting Information - Empirical Evidence Based on Shanghai-Hong Kong Stock Exchange, Zhongnan University of Economics and Law, Wuhan.
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6. Pan,HF, Liu, XT & Zhou, XY 2018, ‘Has the opening of capital markets to the outside world prompted the return of value investing? --Evidence from the Shanghai-Hong Kong Stock Exchange’, Studies of International Finance, No.379(11), pp. 77-86.
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Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
- ISBN (Print)
- 978-1-83558-139-1
- ISBN (Online)
- 978-1-83558-140-7
- Published Date
- 01 December 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/46/20230312
- Copyright
- 01 December 2023
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited