This paper uses monthly macroeconomic data and stock market indices from January 1996 to August 2002, and adopts vector autoregression method to study the fraction of the variation in stock returns that can be attributed to various types of macroeconomic news.

Using panel data from December 2003 to April 2008, this paper studies the role of term structure of interest rates and macroeconomic variables in determining bond yields and risk premium on the T-bond market of the Shanghai Stock Exchange.

In this paper we analyze relationships among selected macroeconomic variables and Chinese stock market basing on the classical financial researching frame, by employing a cointegration Analysis model, try to offer a meaningful grope for the macroscopic affection on the stock market.

This paper tests the existence of a relationship between stock price and macroeconomic variables in China with econometrical method.

Based on this ,empirical plutonomy on the basis of main economics adds to political system s varable in order to understand internal effect of operation and evolvement on changing of macroeconomy.

Under the assumption that the price level in macroeconomy is rigid,a new dynamic macroeconomic model is suggested,which can interpret macroeconomic stagnation and inflation simultaneously.