The researchers looked at how efficient and structured the Chinese stock market is. They studied if the market is efficient, how prices change during the day, which trades affect prices the most, and how Chinese culture influences stock prices. They found that technical trading rules were useful in the past but less so now. Intraday patterns in China differ from the US. Large trades have a big impact on prices, and there may be price manipulation. Chinese cultural beliefs affect how prices cluster. This research helps us understand how the Chinese stock market works.