本文侧重于研究东部中部西部建筑业发展差异的原因,为建筑业的发展寻求切入点。本文以传统的资本资产定价模型为基础,采用理论与实证相结合的方法,来验证CAPM是否适用于中国建筑行业。得出结论在目前阶段中资本资产定价模型还不适用于中国建筑行业,同时也由此判断中国建筑行业股市效率不足。 This article focuses on the reasons for the differences in the development of the construction industry in the western part of central and eastern China and seeks entry points for the development of the construction industry. Based on the traditional capital asset pricing model, this paper uses a combination of theoretical and empirical methods to verify whether CAPM is suitable for China’s construction industry. Concluded that in the current stage of capital asset pricing model is not suitable for China’s construction industry, but also to judge China’s construction industry stock market is not efficient.