%0 Journal Article
%T Analysis of the Differences and Linkage between Chinese and American Stock Markets
%A Huadong Liu
%J American Journal of Industrial and Business Management
%P 700-709
%@ 2164-5175
%D 2018
%I Scientific Research Publishing
%R 10.4236/ajibm.2018.83047
%X This paper compares the stock markets of China and
the United States from several aspects, such as the first class IPO market
mechanism, secondary security market mechanism, and the market supervision
mechanism. Overall, China¡¯s stock market lags behind the United States stock
market. Then, this paper expounds the transmission channel of stock market linkage
and the related theory of stock market linkage. Through the trade between
countries, the economic spillover effect, the gradual increase of transnational
listing, and the globalization of stock companies, the paper explores the
related ways of Chinese and American stock markets from four aspects, and tr</span><span style=\"font-family:Verdana;\">ies</span><span style=\"font-family:Verdana;\"> to analyze the formation mechanism of the linkage
between China and America stock markets in four channels: International trade,
financial capital, policy and expectation. Finally, a conclusion is drawn: With
the development of China¡¯s economy and opening of the stock market system, the
stock market linkage between China and the United States is increasing
gradually.
%K Stock Market
%K Diversity
%K Linkage
%K China
%K The United States
%U http://www.scirp.org/journal/PaperInformation.aspx?PaperID=83326