本研究通過對中國金融市場的投資者抽樣調查和資產管理公司負責人個案訪談，發現中國金融市場特別是股市的根本問題和主要矛盾，提出針對資產管理者的管理決策方案，並提出改革建議和監管方案，期望中國資本市場能更好地發展。本研究的目的是為了發現中國股市的一些本質的宏觀的規律和特徵，並發現一些金融監管的方向，為私募基金管理者提供資產配置的額方向指引和監管應對。
本研究屬於質化研究，主要採用抽樣調查和個體訪談的方式，結合網路資料和相關文獻、期刊雜誌，綜合分析，並得出研究結論。
本研究過的結論包括：中國股市具備新興加轉軌的市場特徵，大幅波動，同向波動，價值投資方法在中國並沒有明顯的優勢。一方面要通過價值投資的方法選股，另一方面要運用技術派的方法選時，二者很好地結合，才能在股市利於不敗之地。本研究並針對現階段的市場特徵給出資本市場改革的建議。

Through the sample survey and investors in the financial market Chinese Asset Management Co responsible person interview, found China financial market especially the fundamental problems and contradictions of the stock market, puts forward the management decision scheme for asset management, and puts forward the reform suggestions and supervision plan, expected Chinese capital market can develop better. The purpose of this study is to discover the rules and character-istics of macro China some essential stock market, and find some direction of financial supervi-sion, provide additional direction of asset allocation and regulatory guidelines for dealing with the private equity fund managers.
This study belongs to qualitative research. It mainly adopts sampling survey and individual inter-view, combining network information and related literature, periodicals and periodicals, and makes a comprehensive analysis, and draws the conclusion of the research.
The conclusions of this study include: China's stock market has the characteristics of emerging and transitional market, fluctuates sharply and fluctuates in the same direction, and the value in-vestment method has no obvious advantage in china. On the one hand, through the value of in-vestment methods of stock selection, on the other hand, the use of technical approach, election time, the two are well integrated, in order to benefit the invincible position in the stock market. Based on the market characteristics at the present stage, this paper puts forward some suggestions for capi-tal market reform.

(一) 中文部分
1. 孫惟微，《賭客信條》，電子工作出版社，2010年5月。
2. 劉俊強，《中國資本市場的缺陷與對策研究》， 2005年7月。
3. 祁斌，《金融危機與中國資本市場發展 》， 2009年9月。
4. 高爾康，《臺灣資本市場自由化改革》， 1998年3月。
5. 江平，《臺灣股市大泡沫》，中信出版社，2009件1月。
(二) 英文部分
1. “Behavioral Finance”, Lucy F.Ackert,Richard Deaves,2010,12.
2. “The Economics of Money, Banking And Financial Markets”, Frederic S Mishin, 2013, 3.
(三) 網路資料
上交所、深交所、東方財富Choice資料。