The empirical findings show that both Shanghai and Shenzhen stock markets are a pink noise process and China' s stock market is not effective.
实证结果表明：沪深两市均为一粉红噪声过程，我国股市尚未达到有效。
The empirical findings show that both Shanghai and Shenzhen stock markets are a pink noise process and China' s stock market is not effective.
实证结果表明：沪深两市均为一粉红噪声过程，我国股市尚未达到有效。
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