The Cooperation On The Securities Market Reasher Under The CAFTA Framework

The integration and cooperation of the world financial market have developed rapidly current, and the internationalization of the securities market has also gradually expanded. Since entering the new century, after the euro becoming single currency in the EU and the continuous expansion of the European integration process gradually, the EU securities market has been basically achieved integration. The integration of the EU securities market has been strengthened to achieve economies of scale and the increasing in resource flows. The EU securities market has replaced Japan as the world's second-largest securities market,and the securities market under the CAFTA framework are facing an unprecedented impact and challenges. Now the securities market under the CAFTA framework are just like the EU securities markets long before: various sizes and scattered, inefficient allocation of resources, low liquidity.so it is difficult to achieve the best allocation of resources.Based on the above issues, this paper starts with discussing the interactive relationship between the securities market and economic growth theoretically. The empirical research of the securities market and economic growth in China shows: the securities market has pulled economic growth significantly; On the other hand, it is not very significant that economic growth to promote the securities market in China. So it has important practical significance to research the cooperation on the securities market and make it well pull economic growth. Secondly, the paper analyzs the history of the EU securities market, pointing out the tremendous influence of the EU securities market and the inspiration to the regional cooperation on securities market under the framework of CAFTA. Thirdly, the paper analyzs the status of the East Asian securities market and the internationalization process. And what's more the paper studys deeply the problems in the securities market under the CAFTA framework. Lastly, the paper proposes the prerequisite for cooperation, the need for cooperation, the basic framework for collaboration and cooperation content of the regional cooperation on securities market under the framework of CAFTA. And the paper points China's strategy in the regional cooperation on securities market under the framework of CAFTA.