其他摘要：During last decade, Chinese securities market has developed rapidly both in institutional im- provement and scale, as the practice of QFII was introduced, much more new open-end funds were set up and the quantity of listed companies was more than doubled. However, behind the fluctuation of index, the in- creasing number of gambling factors and volume of gambling funds have intensified the structural risk in the market, and caused many short run investors lose money, even though the index has not shown enormous fluctuating, especially in the past two years. Applying empirical study methodology, this paper aims to ana- lyze the features and general characters of fluctuations at certain stages of maturity, by comparing the effi- ciency of stock markets of ChinaandUK, in the hope of bringing some enlightenments to investors in defin- ing their strategy.
关键词：资本市场;长期价值;短期趋势;优质上市公司
其他关键词：Capital Market; Investment Valuation; Short-Term Trends; High Quality Listed Company
