Criterion And Healthy Development Of The Chinese Securities Business

Shanghai Stock Exchange and Shenzhen Stock Exchange of China were founded successively in early 90's. Within 10 years, stock business of China has developed dramatically from nowhere and has grounded strongly for the form of modern securities business. And it has helped a lot to deepen economic reform, to facilitate the reform of state-owned enterprises, and to promote the adjustment of industrial structures.But a lot of problems still exist in our stock business, such as faulty management system, orderless market competitions, and information monopoly. And these problems behave characters such as unstable fluctuations, strong speculations, serious spumescent phenomenon, and high risks etc. And all these prove that our security market is far from a standard one.How to standardize the security market and keep it stable and healthy, is an inevitable question in developing the market. From the beginning of founding the market, to every phase and every point in developing the market, the discussion of how to standardize the market never ceases. And the proposals aiming at standardization vary in connotation and criteria at different times and at different market phases.In this essay, we will examine the characters of overseas mature security markets, and compare them to the present problems existing in the security market of China, and then we will indicate behaviors and reasons of the unstandardization in China Security Market, and will bring forward proposals of how to standardize and to help the market develop in a more healthy way.