Translated Title
Does margin trading stabilize the volatility of China＇ s stock market？
Translated Abstract
In this paper, we use GARCH regression, VAR model, impulse response, variance decomposition and other measure- ment methods to study volatility of the Shanghai and Shenzhen 300 stock index by examining the margin trading in such four as- pects as the overall level, the sub - effect of margin trading, before and after the expansion of object stock and the single rise or fall of the market, and reached the conclusions that the two types of financial transactions have an overall inhibition to fluctuations in the stock market, and that in a single market, the volatility will increase and the margin trading suppression volatility range is less than financing and others, and propose some policy recommendations to expand margin trading sources, strengthen supervi- sion, improve investor structure and so on.
Translated Keyword
CSI 300 index
margin trading
VAR model
volatility
