A Study On The Optimization Of The Chinese Financial Market Structure

The financial market plays an essential role to one country's economic development and social welfare level. Since the reform and opening-up over the past 20 years, the financial market of our country has made very great achievement, the financial market constructions, the financial organization, tool, form and supervisory system in the financial market have been taking shape gradually and perfecting constantly. But compared with developed and matured market, the financial market of our country is still at primary stage, and the reform task is still heavy and urgent. Especially under the open economy condition, under the background of fact that the finance of our country is being deepened constantly after the accession to the WTO, how to accelerate the financial reform, establish the structure of financial market of the coordination, set up effective financial supervisory system has already become an important subject faced by management and decision authorities. This paper summarizes and comments the relevant documents, and on the basis of the financial historical development course, the financial market's inside key elements such as system, financial organization, financial instruments, etc. , and the impact on financial markets structure of industry's external environment condition, and finally puts forward some pointed policy recommendations expecting to draw lessons . The innovation points of this dissertation include three aspects. For the first, this paper considered financial markets structure as a studying theme, and analyzed the internal factors and external environments of Chinese financial markets structure. According the comparison between the general equilibrium model and Chinese financial markets model, and described the effects of financial markets structure on market efficiency. In this paper, the author got a conclusion that Chinese financial markets structure put negative effects on market efficiency. For the second, this paper presented the opinion that the goal of financial markets structure optimization is to prompt market efficiency. Also, the paper mentioned some critical issues that should be paid attention to during the process of financial markets structure optimization. As a conclusion, it should be further to complete the financial system, reduce the monopoly power of national banking, and create good law environment to promote the market efficiency. Thirdly, the paper presented the opinion that financial markets structure should be matched with industrial structure. The relationship between financial markets and industrial markets is an important question in China. On the other side, financial markets have begun to separate from industrial markets, which should be cautioned. Because of this reason, the paper studied economic growth and financial industrial structure. The author believed that the development of financial industry should not separate from the base of real economy, and financial markets structure system has an important effect on promopting industrial competency and industrial structure.