Research On The Resource Allocation Function Of China Securities Market

The resource allocation function of securities market is that the securities market leads resource to flow through the price fluctuation so that to reach the state of rational resource allocation . At China securities market , does this function exist? Does it really realize rational resource allocation ? how does the securities price lead the resource to flow? What influence on the economic development has the securities market resource allocation ?the article is about these questions.From the first class and second class securities market actions at recent years, through the analysis on the price fluctuation of the second class securities market and the firm actions at the issuing process at the first class securities market, in addition , the analysis on the securities market assets reorganization action ,the article reveals the existence of securities market resource allocation function and it's behaving forms at China .and , analyzes the function of resource allocation on China economic development process.First , the article briefly introduces the idea of resource allocation, it's content , and , the intention to study securities market resource allocation .then , reviews China first class and second class securities market developing process at recent years , analyzes the characters at the first class issuing actions and at the second class actions resource flow ,specially analyzes the resource flow character at assets reorganization actions. Through theseaspects, it explains the behaving forms of securities market resource allocation function ,and specially analyzes securities market resource allocation function 's influence on the economic development .At last , through the explanation of listed companies and society efficiency under the securities market resource allocation function ,the article indicates ,with the maturing , the standardizing and the improving of marketing .securities market resource allocation function will realize the aim of rational resource allocation .