Fig 1.
Concept and thought map.
Table 1.
Macro-policy information in China’s stock market (1990–2022).
Fig 2.
Run test results in 35 trading days before the policy event.
Fig 3.
Run test results in 35 trading days after the policy event.
Table 2.
Macro-policy information and weak efficiency changes.
Table 3.
Statistics of macro-policy information and weak market efficiency changes.
Fig 4.
Time evolution chart of the macro policy effect in China’s stock market.