The paper mainly analyzes monetary control and sterilized intervention measures of the PBC based on the balance sheet of the central bank. First, it analyzes the composition of money supply, emphasizing that net foreign assets are an important source of money supply increase. 通过中央银行的资产负债表研究我国中央银行的货币控制和冲销干预,首先分析了货币供给的构成,强调外汇占款是货币供给增加的重要来源;
Shares of proportion and stock prices, and fund negatively related with stock prices share ratio is correlated; Net assets and residual income and stock prices significantly positive correlation, model in the overall explanation trends to increase. 其中流通股比例与股票价格负相关,而基金持股比例与股票价格正相关;净资产和剩余收益与股票价格显著正相关,模型的解释力度总体上处于增强趋势。
Understated liabilities and inflated net assets are always used simultaneously. Moreover, under the premise of understated liabilities, the probability of inflated net assets would increase nearly four times. 少计负债和虚增资产总是同时使用,而且在少计负债的前提下,同时也虚增资产的概率会提高近四倍。