Bank Lending, Inflation, and China's Stock Market (2004–2010)

Table 1

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

	Banking Business Index	Bankers’ Confidence	Current Price Satisfaction	Future Price Expectation	Shanghai A-Share Index
Banking Business Index	1
Bankers’ Confidence	−0.185	1
Current Price Satisfaction	−0.495	0.233	1
Future Price Expectation	0.827	−0.087	−0.505	1
Shanghai A-Share Index	0.724	−0.597	−0.588	0.577	1

Note: All variables are in levels.