Generally speaking, there is a positive correlation between macroeconomic operation and stock price index. The benign operation of macro-economy is usually accompanied by the upward trend of stock index. On the contrary, under the background of depressed macroeconomic operation, the stock price index often shows a downward trend.

Main problems:

(1) GDP

(2) Employment status

(3) the level of inflation

(4) Total retail sales of social consumer goods

(5) Investment in fixed assets

(6) Balance of payments situation

2. Monetary and financial policies

Monetary and financial policies are the capital conditions that affect the rise and fall of stock indexes. The central bank's money supply policy usually has a trend impact on the stock index. When the broad money supply M2 tends to increase, the market funds are usually abundant, and the purchasing power of the stock market is relatively strong, which will push the stock price index up, and vice versa.

Main influencing factors:

(1) Money supply

(2) Interest rate, reserve ratio and open market operation.

(3) Exchange rate

3. Fiscal and tax policies

Finance is a means of national income redistribution, and the mechanism of capital market is the allocation of resources under market means. Whether it is expansionary fiscal policy, contractive fiscal policy or balanced fiscal policy, it generally exerts influence on the capital market through capital flow.

Main problems:

(1) fiscal policy

(2) Tax policy

4. National strategic planning

Investing in stocks is actually buying the future of this company, regardless of whether investors are interested in dividend income or capital gains. The national development strategy and planning is not only an overall policy, but also a powerful guide to the development goals and models of industries and enterprises.

Main problems:

(1) National Development Strategy and Planning

(2) Industrial policy

5. International economic situation

The economic situation of the world's major economies affects the international financial environment and the trend of the international financial market.

Mainly includes:

(1) World Economy and International Trade

(2) Economic cycle