中国证券市场投资收益与市盈率分析及国际比较

随着中国资本市场有条件、有限度地对外开放，中国资本市场已成为全球资本市场的重要组成部分：广大投资者包括境外机构投资者关心的主要问题：一是从国际证券市场角度看，中国证券市场的投资收益如何：二是中国证券市场的投资价值问题，即上市公司的市盈率问题通过对中国证券市场(A股)历史数据的实证分析和国际比较研究。可以客观地回答上述两个主要问题．

Yield on Investment and Market Yield in China Securities Market and its International Comparison

With conditional and limitative opening to the outside world, China capital market becomes to be the important part of the global capital market. Most investors including external organization investors concern about two main points: first, in the view of international securities market, how's Chinas yield on investment; second, something about China investment value. With the research on data history and international comparison, it supplies the above two main points objectively.