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在2008年金融危机爆发后,我国A股市场便在很长一段时间内处于低迷状态,而这也直接暴露了我国市场交易机制存在的诸多不完善之处。近年来我国证券监管层积极推动融资融券、股指期货、期权等一系列金融衍生品工具上线,这就标志着我国市场交易机制开始真正走向完善,得益于此,投资者可以选用的投资工具与交易方式也在日渐增多,我国金融市场的多样性得到了极大的提高。在这种背景下,本文基于行为金融学的融资融券投资者投资行为进行了具体探究,希望这一研究能够有助于我国投资者了解融资融券这一杠杆工具的特性,帮助投资者认清自己同时尽可能纠正和减少非理性投资行为。
After the outbreak of the financial crisis in 2008, the A-share market in China was in a downturn for a long time, which directly exposed many imperfections in the market trading mechanism in our country. In recent years, China’s securities regulators actively promote a series of financial derivative instruments such as margin trading, stock index futures and options on-line, which indicates that the market trading mechanism in our country has really started to improve. Thanks to this, investors can choose the investment tools And the way of trading are also increasing day by day, the diversity of China’s financial market has been greatly improved. Against this background, this paper makes a concrete investigation based on the behavioral finance-based investment and securities lending investors’ investment behavior. I hope this research can help our investors to understand the characteristics of leveraged and leveraged securities, to help investors recognize Clear yourself at the same time as much as possible to correct and reduce irrational investment behavior.