【2017年整理】银行股板块对上证综合指数的影响研究(上).docVIP

银行股板块对上证综合指数的影响研究 【摘要】A股市场正在并最终会成为一个金融板块主导的市场，这是每个大国资本市场的必然格局。完整的金融服务业板块包括商业银行、投资银行（券商）、保险和非银行金融机构等分支，其中又以商业银行为重中之重。随着中行、工行、建行、交行、农行这些国有控股银行，以及南京银行等区域性银行先后上市，银行板块占上证综指的比重遥遥领先于其他行业，成为A股市场的第一大市值板块。本文从银行股的总市值、银行股之间的联动性出发，计算分析了银行股板块在上证综指中的权数，同时指出用市值衡量权数的弊端、影响银行股重新估值的因素，并得出银行股板块在极大程度上影响着上证综指的走势的结论。 【关键词】上证综合指数；银行股市值；权数；价值重估 Bank shares on the Shanghai composite index plate of impact study Abstract :the A share market is and will eventually become A financial sector dominated the market, this is every country of the capital market will pattern. Complete financial services sector including commercial Banks, investment Banks (brokers), insurance and non-bank financial institutions, etc, branch, which was a top priority of commercial Banks. With the bank of China and ICBC, the construction bank, handing in travel, agriculture bank these state holding bank, and nanjing Banks and other regional bank has listed, and the bank of Shanghai synthesis index plate the proportion of well ahead of other industries, become A share market first big capitalization plate. This paper, from the bank shares of total market value, bank shares LianDongXing between, based on calculation and analysis of the bank shares in the Shanghai composite index weight of the plates, and points out the shortcomings of the weight with market capitalisation, bank stocks to influence the assessment of the factors, and that the bank shares plate in great influences on the Shanghai composite index of the movements of the conclusion Key words: the Shanghai composite index; Bank stocks is; Weighted function; revaluation 目 录 摘 要 ……………………………………………………………………… ⅰ Abstract……………………………………………………………………… ⅱ 总述…………………………………………………………………………… 1 一、上证综合指数的背景及计算方式概述………………………………… 1 二、四大国有控股银行上市时上证综合指数的表现……………………… 2 三、银行股股价变动对上证综合指数的影响估算………………………… 3 （一）银行股在A股市场对上证综指的影响 ……………………………3 （二）上市银行再融资对股价及上证综指的影响………………………… 5 （三）“二八”现象及银行股之间的联动性分析………………………… 5 （四）银行股在H股市场对上证综指的影响……………………………… 6四、影响银行股价值重估的因素 （一）从经济增长的角度看 ………………………………………………… 7