This study attempts to explore the efficiency of information transfer in China stock market by analysis of the trading and non trading time effect and the weekday effect.

通过对交易时间与非交易时间效应及周日效应的分析，对中国股票市场信息传递效率的问题展开实证研究。

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At present, available transfer capability (ATC) is usually adopted as a technology index but seldom combined with market information to offer commercial feasibility features.

目前，可用传输容量多用作一种技术性指标，而较少结合市场信息提供商业可行性特征。

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Interim reports shorten disclosure period and transfer earnings information to the market in good time and thus accelerate the speed with which accounting information is impounded into price.

中期报告的出现缩短了报告披露周期，及时地将盈余信息传递到市场中，加快了会计信息在股价中的反应。

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