Abstract
The outbreak of COVID-19 has had a huge impact on China's economy. In order to study the specific impact, this paper uses the capital asset pricing model (CAPM) to make a comparative analysis of four assets in the two years before the epidemic (January 1, 2018 - January 31, 2019) and the two years after the epidemic (January 1, 2020.1-2021.13.31): A market composite index of stocks, bonds, gold, and oil. Firstly, the market portfolio is obtained by using capital market line (CML) analysis. On this basis, the following conclusions are drawn from the analysis. Firstly, the emergence of COVID-19 had a considerable impact only on the stock market in early 2020. Secondly, this paper again confirms that the CAPM model is not particularly suitable for the application of China's stock market. By all these analyses above, this paper aims to provide a reference for investors on whether to enter the Chinese stock market for investment in the influence of the COVID-19.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
