Abstract:

Because the investment behavior of the stock-holders has much to do with the economic efficiency of the security market, research on the behavioral characteristics and group classification by statistical analysis will be of great practical importance to the promotion of the sound development of Chinese security market. By empirical research, we discover that the characteristic differences of security investors can be analysed in terms of five elements and investing groups can be divided into three types.

Key words: Chinese security market, investing group classification, the behavior of security investment