The Interaction Between Contractual Savings And Capital Market

This paper is an all-sided research on the interaction between contractual savings and capital market. By first studying the foundation of their relations, the paper discusses the mechanism and the condition of the relation. Then from a macro angle concerning economic development, financial development and demographic transition, the paper discusses in-depth the intrinsic meaning of the relation. Using the conclusion made from the research above, the paper analyzes the present situation of our country and gives some advises.The paper is organized with 6 chapters. In Chapter 1, the paper introduces the development of contractual savings and the principle of its product and operation. Chapter 2 gives a survey on the status of contractual savings in capital market, which is the foundation of their relation. Chapter 3 studies how contractual savings influences capital market, and analyzes the mechanism and condition of the influence. Chapter 4 discusses the retroaction of capital market on contractual savings. Then in chapter 5, the paper discusses the intrinsic meaning of the relation, and discusses how to develop contractual savings and capital market harmoniously. Chapter 6 studies the present situation of our country and discusses how can we do to promote the development of contractual savings and capital market in our country. The paper draws some conclusion from the research. The paper holds the opinion that the interaction between contractual savings and capital market is decided by some immanent factors and is the logical result of these factors. The essentials of their benign relation are founded on the harmonious relation among economic development, financial development and demographic transition. This is the most important conclusion of the paper. And the paper believes that to form a benign relation between contractual savings and capital market of our country is not only of necessity but also of potential probability. So the paper gives a synthetic policy advises on how should we do.