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 摘要通過運用計量經(jīng)濟學(xué)中的協(xié)整理論,對我國股價指數(shù)動態(tài)均衡關(guān)系進行了比較分析,并通過對滬、深兩市股票指數(shù)與物價指數(shù)進行實證分析,為有關(guān)決策者和投資者提供了實證依據(jù)。