拒绝中国市场弱式有效假设。
Thus, weak-form efficient hypothesis could not be accepted in China.
因此在弱式有效市场中，技术分析将失效。
Therefore in the weak -like effective market, the technical analysis will expire.
中国股票市场是否已经达到弱式有效性一直是一个争议很大的问题。
Whether China's stock market is weak form efficient has always been a controversial problem.
针对我国天然胶期货市场的实际情况，本文将只进行弱式有效检验。
According to the classic taxonomy of information sets, efficient market is classified as weak-form, semistrong-form and strong-form.
检验结果表明，股改前市场是非有效的，股改之后市场达到了弱式有效。
The results show that whereas the A-share markets were inefficient before spilt share reform, they have reached the weak-form efficiency after that.
目前大多数的研究认为我国证券市场已达到弱式有效，但尚未达到半强式有效。
Most researches show at present that Chinese security market has already reached the weak-form efficiency, but has not been up to semi-strong-form efficiency.
同时检验了收益率序列的随机性，检验结果说明沪深股票市场基本达到弱式有效。
We also verified stochastic feature of return time series, from results we see that Chinese stock market is weak form efficient.
中国股票市场是否达到弱式有效一直是理论界讨论的重要课题，具有重要的理论价值和实践意义。
The problem of whether Chinese stock market meets the weak-form efficiency or not has been a very important topic for quite a long time, not only in theory but also in practice.
我们证明，虽然我国证券市场仅达到弱式有效，但我国证券市场仍然可以支持经营者股票期权的实行。
We can prove that although the securities market in our country is reached to the weak efficiency only, it still supports the carrying out of the ESO.
根据对应的信息集的不同，人们将有效市场分为三类：弱式有效市场、半强式有效市场和强式有效市场。
According to the corresponding different information collection, the efficient market was divided into three kinds: weak form market, semi-strong form market and strong form market.
最后，得出的主要结论如下：1．我国的B股市场的日收益率呈随机游走状态，已经是弱式有效市场。
The main conclusion is as follows:1. The daily returns of china' s B-share markets are random walk, the markets are weak-form efficient markets.
通过GARCH(1, 1)的市场有效性检验，论证了中国期货市场尚未达到弱式有效，市场风险较大。
By the GARCH (1, 1) model, we verifies that the Chinese futures market doesn't reach the stage of weak market efficiency until now, which proves to be of high risk.
并且人们根据对应的信息集的不同，将有效市场分为三类：弱式有效市场、半强式有效市场和强式有效市场。
And the corresponding different information sets, the market will be divided into three categories: the weak-effective market, semi-strong efficient market and strong market effective.
通过GARCH(1,1)的市场有效性检验，论证了中国期货市场三个阶段均尚未达到弱式有效，市场风险较大。
By the GARCH (1, l) model, we verify that the three stages of the Chinese futures market don't reach the stage of weak market efficiency until now, which proves to be of high risk.
运用现代投资分析理论与实证研究方法，对上海股票市场从1991年初～1996年底的市场弱式有效性进行了全面综合分析。
This paper examines the weak form efficiency in Shanghai stock market from the beginning of 1991 to the end of 1996 by applying modern investment theories and empirical research method.
然而，无论是证券市场尚处于弱式有效阶段的我国还是已处于半强式阶段的美国，注册会计师虚假陈述都是无法避免及无法根除的。
However, both in the weak efficiency stock market of China or the semi-strong stage of the United States, CPA false statements can not be avoided, or eradicated.
分阶段检验上海股市的随机性，从而得出上海股市有效(弱式)的结论。
According to stages, we test the stochasticity of Shanghai Stock Exchang in this paper, then make a conclusion that the market is efficient (weakly).
分阶段检验上海股市的随机性，从而得出上海股市有效(弱式)的结论。
According to stages, we test the stochasticity of Shanghai Stock Exchang in this paper, then make a conclusion that the market is efficient (weakly).
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