The Research On Marketing Reform Of Chinese Stock Issue Institutions

This article takes institutional economics theory and forecast theory as guide, takes Chinese marketing reform of stock issue institutions as its researching object, it investigated the progress of the marketing reform. It has, via real evidence, after comparing the advantages and disadvantages of quota system vs. examination and authorization system, further analyzed and researched the influences of market reform makes to the primary stock market and market's efficiency of financing and market's participants to principal act. Based on these, it has come up with some strategic suggestions on furthering and improving market reform of stock issue institutions.The whole article divides into six sections. The first section is preface, which narrates the purpose of this article. The second section introduces stock issue institutions and issue methods popular in China and overseas. The third section high spot reviews the progress of marketing reform of Chinese stock issue institutions, and compares the pre-reform issue institution with post-reform issue institutions. The fourth section analyzes the influences marketing reform made to the primary stock market, market's efficiency of financing, market's participants to principal act. The fifth section proposes the strategic suggestion on further improving marketing reform of stock issue institutions. The sixth section is epilogue.