Abstract:The Chinese stock markets have been designated as policy markets since they were founded. The macroeconomic information plays an important role in the changes of stock prices. This paper explores the effects of macroeconomic information on the stock price synchronicity at industry level in Chinese stock mar_x005fkets. The results show that macroeconomic information,such as Gross Domestic Product ( GDP) ,has significant impacts on the industrial stock price synchronicity of all industries except finance and insurance. The extent of stock price synchronicity varies among industries. Furthermore,the extent of synchronicity of each industry differs between bull and bear market,i. e. ,the synchronicity is higher in the bear market than it is in the bull market. These demonstrate that the synchronicity in Chinese stock markets is characterized by both industrial idiosyncrasy and market performance.