The Impact of the COVID-19 Pandemic on China's Stock Market

The outbreak of the new crown epidemic has had an impact on many industries, in order to study the impact of the severity of the new crown epidemic on the Chinese medicine industry, 3 related stocks are taken as a sample: 00538 (Yunnan Baiyao); 60085 (Tongrentang) and 600129 (Taiji Group), using the OLS regression model and calculating excess yields to process and analyze the data, taking the number of daily individual stock trading shares and the daily individual stock trading amount as the interpreted variables, and citing the paper and data content to carry out the impact of the new crown epidemic on China's stock market, and concluded that the impact of the new crown epidemic on the Chinese medicine industry is different in time period, and the Chinese medicine industry has not been affected by the impact of the epidemic and has fallen, but has a certain rise. Thus, it can be found that the new crown epidemic has promoted the development of the Chinese medicine industry.