Is it reasonable to price options in China´s stock market by Black-Scholes Option Pricing formula?

At first, this paper deduces that European call option price equals the sum of total loss discounted to time 0 which is brought about by adjusting the share of stock in order to make the portfolio which includes the option and a certain number of underlying stock to be a risk-free portfolio at any time during the valid period. Based on this theory, whether Black-Scholes Option Pricing formula is suitable to price the options in China´s stock market is studied in this paper, and hypothesis test shows that pricing the options by this formula in China´s stock market isn´t reasonable in most case.