Abstract

this paper is in the context of China's securities market vigorously developing institutional investors, uses "Fractal Market Hypothesis" and rescaled range methods to deal with the data. By doing the information mining on those sample, the results show that China's securities market yield does not follow a random walk hypothesis and institutional investors yield does not follow a random walk hypothesis. This shows that after more than 10 years of vigorous development of institutional investors, the goal that stabilize the market and make the market more effectively has not been realized and continuing to increase the intensity of the development of the institutional investors is still needed

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