Notice of RetractionDynamic relationship between oil price and China stock market

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

The paper takes the data from 1996:1 to 2009:12 as the research sample to deeply investigate the linkages between the oil price and China stock market. Empirical results show that there exists long term cointegration between oil price and China stock market. In the meanwhile, with economic situation changing and time passing, the correlation between oil price and China stock market changes at different periods. The impact of oil price on China stock market mainly concentrates in short-term. According to the oil price fluctuations, policy makers and financial investors can avoid the financial risks in China stock market which are caused by the fluctuations of oil price by adjusting portfolios timely.