Research On The Institutional Absence Of Chinese Stock Market

The stock market is important to both economic development and adjusting the economic system in the course of economic running. After more than ten years high speed development, all the problems are being exposed which has been covered by the prosperity of stock market. Long term deposited contradictions broke out together made Chinese stock market to be depressed for five years and caused s great deal of loss. Why has the Chinese stock market these phenomenons? And what is the further reason?The stock market is the most important part of the capital market. It is the issuance and dealing the stocks market depending on the leave unused capital。Its macroscopically background is highly developed market economy and microcosmic background is limited liability companies with a good frame of property right.Stock market has two basic functions: optimizing the resources and being the economic weatherglass. The stock market can be achieved the function of optimizing the resource by three means: keep the information to be expedited, supervise the supervisor of corporation, and make the fixed capital to be exchangeable easily with changing them into securities. After the function of optimizing the resource has been achieved, the function of being...