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Establishment of Hong Kong stock evaluation index

In: Proceedings of the 2024 9th International Conference on Social Sciences and Economic Development (ICSSED 2024)

Author

Listed:
  • Jianting Ye

    (South China University of Technology, Department of Electronic Commerce)

  • Xiangjun Li

    (Massey College, Nanjing University of Finance and Economics)

  • Yinshuang Wei

    (Nanjing University of Finance and Economics, Economics College)

  • Junpeng Zhang

    (Xiamen University Malaysia, School of Economics and Management)

Abstract

The purpose of this thesis is to analyze the future trend of the Hong Kong stock market and propose a corresponding forecast model. First, we collect and organize the Hong Kong stock market data for 2019-2024, including stock price, turnover, price-earnings ratio and other indicators. Then, we put forward the hypothesis: under the condition that the inflation rate remains unchanged, we introduce the theory of Mundellian Trilemma to discuss its application to the stock market, construct three dynamic indicators, namely, risk rate, return rate, and liquidity, and then according to the AHP method and the CRITIC method are assigned subjectively and objectively, respectively, and then the final assignment is determined based on 0.4×AHP+0.6×CRITIC. Finally, due to the existence of positive and negative indicators, we consider the established TOPSIS model to score Hong Kong stocks and obtain stock indices. The results of this study are of reference value to investors and market regulators, helping them to better understand and grasp the trend of the Hong Kong stock market.

Suggested Citation

  • Jianting Ye & Xiangjun Li & Yinshuang Wei & Junpeng Zhang, 2024. "Establishment of Hong Kong stock evaluation index," Advances in Economics, Business and Management Research, in: Radulescu Magdalena & Bootheina Majoul & Satya Narayan Singh & Abdul Rauf (ed.), Proceedings of the 2024 9th International Conference on Social Sciences and Economic Development (ICSSED 2024), pages 476-488, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-459-4_55
    DOI: 10.2991/978-94-6463-459-4_55
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