Using the co - integration theory of econometrics , this article comparatively analyzes of stock price index data and balanced relationship in china , then to shanghai and shenzhen stock index and the price between the two cities for quality of empirical analysis , the conclusions drawn related to the investment portfolio investors in determining the timing of the provision of certain basis 摘要通過(guò)運(yùn)用計(jì)量經(jīng)濟(jì)學(xué)中的協(xié)整理論,對(duì)我國(guó)股價(jià)指數(shù)動(dòng)態(tài)均衡關(guān)系進(jìn)行了比較分析,并通過(guò)對(duì)滬、深兩市股票指數(shù)與物價(jià)指數(shù)進(jìn)行實(shí)證分析,為有關(guān)決策者和投資者提供了實(shí)證依據(jù)。