Table 1: Simple Correlation Coefficients Between the Shanghai Market, the Banking Measures, and Inflation Expectations.

Banking Business IndexBankers’ ConfidenceCurrent Price SatisfactionFuture Price ExpectationShanghai A-Share Index

Banking Business Index1
Bankers’ Confidence−0.1851
Current Price Satisfaction−0.495 0.2331
Future Price Expectation 0.827−0.087−0.5051
Shanghai A-Share Index 0.724−0.597−0.5880.5771

Note: All variables are in levels.