中国股市个人投资者从众行为产生的问题及对策分析

中国股市个人投资者从众行为产生的问题及对策分析摘要随着我国经济水平飞速增长，我国已于2020年迈入了全面小康社会，越来越多的人将手中大量富裕资金投入到收益较快的股票市场，成为了股票市场中的个人投资者。大量个人投资者涌入股票市场促进了我国股票市场的发展，但是个人投资者在进行投资时往往容易产生一系列非理性行为，从众行为便是常见的非理性行为之一。文章分析了当下个人投资者在中国股市投资的大体环境，并且以有效市场理论、从众行为理论、信息不对称理论三个理论作为理论基础，同时对我国股市上的个人投资者现状进行了分析，其中具体分析了A股市场各投资者持股市值情况，尤其对其中个人投资者的情况和变化进行了详细的阐述。后续文章又基于数据，对股市中个人投资者的年龄、性别、学历以及个人投资者在股市投资中的主要特征进行了阐述，分析得到了这些情况与特征和个人投资者从众行为之间的种种联系，并以此为基础分别提出了个人投资者从众行为的三个问题原因：过于重视消息，轻视技术指标、金融方面的教育水平较低、我国股票市场成熟度较低。最后通过结合当下科技的发展和新技术的应用，针对这三个问题合理分析并提出了对股市的整体信息环境进行整顿、提高个人投资者金融方面的教育水平、完善股票市场的各种监管制度三个具体的解决方案来减少我国股市上个人投资者的从众行为，促进我国股市的蓬勃发展。关键词：中国股市；个人投资者；从众行为Problems and Countermeasures of Herd Behavior of IndividualInvestors in China's Stock MarketAbstractWith the rapid growth of China's economic level,China has entered a well-off societyin an all-round way in 2020.More and more people have invested a large amount of richfunds in the stock market with fast returns and become individual investors in the stockmarket.The influx of a large number of individual investors into the stock market haspromoted the development of China's stock market,but individual investors are oftenprone to produce a series of irrational behaviors when investing,and herd behavior is oneof the common irrational behaviors.This paper analyzes the general environment ofindividual investors'investment in China's stock market,and takes the three theories ofeffective market theory,herd behavior theory and information asymmetry theory as thetheoretical basis.At the same time,it analyzes the current situation of individual investorsin China's stock market,specifically analyzes the market value of each investor in theA-share market,especially the situation and changes of individual investors.Based on thedata,the follow-up article expounds the age,gender and education of individual investorsin the stock market and the main characteristics of individual investors in the stock marketinvestment,analyzes the various connections between these conditions and characteristicsand individual investors'herd behavior,and puts forward three problems of individualinvestors'herd behavior on this basis:paying too much attention to information,neglectingtechnical indicators The level of financial education is low,and the maturity of China'sstock market is low.Finally,by combining the current development of science andtechnology and the application of new technology,this paper reasonably analyzes and putsforward three specific solutions to rectify the overall information environment of the stockmarket,improve the financial education level of individual investors and improve variousregulatory systems of the stock market,so as to reduce the herd behavior of individualinvestors in China's stock market and promote the vigorous development of China's stockmarket.Key Words:Chinese stock market;Individual investors;Conformist behavior目录摘要.......IAbstract.一、绪论(一)研究背景(二)研究目的和意义1.理论意义12.现实意义.2(三)研究方法2(四)拟创新之处.2二、理论基础和文献综述….3(一)理论基础31.有效市场理论.32.从众行为理论.33.信息不对称理论(二)文献综述.4三、中国股市个人投资者现状分析….6