The Impact of the Fed’s Monetary Policy in 2022 on China’s Stock Market: Evidence from SSEC and SZSE

Author:

Zhang Yingran

Abstract

International financial markets have been abuzz with worry over the Fed’s interest rate rise strategy. The Fed’s interest rate raises policy’s implementation will have wide-ranging effects, particularly for an emerging market nation like China. The influence of the Fed’s interest rate hike policy on the Chinese market will be examined in this essay in several different ways, including stock market yields, volatility, economic growth, and market expectations. The results of this study imply that the Chinese stock market has been negatively affected over the long term by the Fed’s interest rate hike. In particular, the returns of the Shanghai Securities Composite Index and Shenzhen Securities Composite Index were significantly negatively impacted by the Fed’s rate hike, with the SZSE index being more adversely impacted. Additionally, this study discovered that the Fed’s interest rate hike had no effect on the SZSE Index’s market volatility throughout the study period but had a considerable impact on the market volatility of the SSEC Index. This implies that a Fed rate hike may result in greater SSEC Index market volatility while having a negligible effect on SSEC Index market volatility. In order to stabilize market mood and reduce risks, the government and authorities should closely monitor any potential effects of the Fed’s interest rate hike on the Chinese stock market. To adjust to the evolving global financial climate, investors should carefully evaluate market risks and develop prudent investment strategies.

Publisher

EDP Sciences

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