Effect by the World Expo, Shanghai property market, "burning" phenomenon is a short-term irritant reaction.
影响的世界博览会，上海房地产市场，“燃烧”的现象是短期刺激性反应。
On the market reaction, the holdings of major shareholders make significant effect on stock prices, and the excess returns reach maximum in the announcement the day before the announcement date.
在市场反应上，大股东增持对股价影响显著，且超额收益率在公告日和公告日前一天达到最大。
Stock market cycle has reaction to the policy cycle, but this kind of reaction may have little effect on macro policy, and can exert certain influence on stock market policy instead.
股市周期对政策周期具有反作用，但是这种反作用对宏观政策影响不大，对股市政策能够产生一定的影响。
There is delay reaction and converse reaction to good news and overreaction to bad news. These phenomena show the existence of leverage effect in China stock market.
对好消息反应延迟且逆向反应，对坏消息反应过度，这反映出中国股市“杠杆效应”的存在。
There is delay reaction and converse reaction to good news and overreaction to bad news. These phenomena show the existence of leverage effect in China stock market.
对好消息反应延迟且逆向反应，对坏消息反应过度，这反映出中国股市“杠杆效应”的存在。
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