The Research On Model And Apply Of Capital Market Competitiveness

The paper takes capital market competitiveness as object, follows the master line of theory, method and practice, appraises and analyses the factors of influence partial countries or areas capital market competitiveness through massive international statistical data, attempts new method to demonstrate, explores growth characteristic and influence factor of capital market competitiveness of various countries, intends to discover superior and inferiority of Chinese capital market competitiveness, seeks the factors of growth speed of Chinese capital market competitiveness and provides support for promoting capital market competitiveness of China.First, the paper researches theories related to capital market competitiveness and comments on literature. It summarizes present research situations and correlative theories from competitiveness concept to three stratification of enterprise, industrial, nation competitiveness; It summarizes present research situations and correlative theories from capital concept to capital market, capital market competitiveness, summarizes the insufficiency of existent research, provides theory support for following research.Second, it carries on fundamental research and elaborates the methodology. It describes, summarizes and appraises to the competitiveness statistics appraisal model, constructs appraisal target system and appraisal model on capital market competitiveness, and clusters the sample by international data. In view of the insufficiency on existent research, it seeks factors outside financial system that influence capital market competitiveness, describes and appraises the analysis model on correlative factor.Third, it deploys demonstrate. In view of determinative object and international statistical data, it demonstrates capital market competitiveness by using integrated appraisement, principal components linear regression and Hierarchical linear model, obtains following conclusions: (1) In the international comparison, the hard targets of Chinese capital market competitiveness is not superior obviously, its more of the soft targets is very backward, its position owes upstream in the third kind of developing nations which is short of capital market;(2) Competition law, trust of person and property security, social value influence all national capital market competitiveness, but are not remarkable to the first kind of developed countries and the second kind of developing nations, are very strong to explain the difference of the third kind of developing nations capital market competitiveness, GDP, gross of domestic deposits, international trade balance and so on nearly can not explained this; (3) Various country's growth path on capital market competitiveness has obvious difference. The different score of capital market competitiveness of different country and the different growth rate of capital market competitiveness among different country are also remarkable, three variables of competition law, trust of person and property security and social value can explain the difference,do not GDP, gross of domestic deposits, international trade balance and so on.Finally, according to the conclusion, it puts forward policy proposal. Aimed at the reason of low present Chinese capital market competitiveness and the influence factors of various countries whose capital market competitiveness are different and whose growth speed are different, it unifies Chinese condition, proposes promoting capital market competitiveness and speeding up its growth rate, we must pay great attention to promote the soft targets, like that complete competition law, strengthen trust of person and property security, guide correct social value and so on.