The article examines how different economic factors affect the stock market in China. They looked at data from 1992 to 2019 and found that the Chinese stock market is influenced by the exchange rate, GDP, and money supply. In the short term, changes in money supply impact stock market returns, but not inflation. However, in the long term, all these factors are connected. The Chinese stock market tends to balance out within six months after any disturbances. Surprisingly, most of the changes in the stock market are due to its internal factors rather than external economic conditions.