The Development Experience Of Indian Capital Market And Its Enlightenment To China

China and India are located in Asian developing countries, with the history of ancient civilization are, are the world's most populous country, the history of same by the Western powers violation, but also in post-World War II was an independent country. According to the World Bank figures, using purchasing power, China now more than more than 70% of the richest Indians. Whether comparing the average life expectancy, literacy rate or the living conditions and so on, India has lagged far behind China. But far from being the primary market and China's prosperity in India, in monetary and capital markets advanced on it has created a miracle. India's capital market system is perfect, its efficiency and transparency was also higher, which for private sector development in India provided a good foundation. India's multi-level market system to promote the development of high-tech industries. Indian stock market multi-level mechanism to create a number of worthy competition with Europe and the United States large companies engaged in cutting-edge knowledge-based industries, enterprises, although the total economic output in China has developed very rapidly, but very much lacking with large multinational corporations to counter the World level of private enterprises. Following the previous studies in this article are based on economic data through a variety of contrast, to analyze the China and India in the capital market system, system, structure and appearance of the gap between our country looking for the problem of capital markets, as well as ways to improve.The Introduction to this article, but also includes the following three major parts: The first part is the rapid development of India's capital market performance. At that part, mainly from the stock market accounted for the proportion of GDP; the number of listed companies; scale stock and bond markets in the world scale on the order of some data and so on with Europe and the United States and other countries the capital market be able to compare the qualitative and quantitative indicators to describe the Indian capital market developed rapidly. First of all, the stock market, major stock market includes the quantity, stock market, the quality of listed companies, stock index futures and options market, foreign institutional investors, the international private equity and other economic data. Secondly, the bond market, the main regulatory mechanism contains basic facilities and bond markets in two ways. Third, the fund market. The second part of the Indian capital markets are the rapid development of driving forces. This part from a steady economic growth; markets open strong; modern enterprise driven by the capital market; multi-level capital market system; the internationalization of capital markets; securities market network as well as good monitoring system to analyze seven of its motives . The third part is the conclusions and enlightenment. India's capital market system is perfect, its efficiency and transparency was also higher. In view of the same developing countries in Asia are China, India, the two countries, India's successful experience in capital markets, it is worth drawing on Chinese Study. First of all, strict financial supervision, and co-operative; steadily promote the internationalization of capital markets are to adapt to economic and financial challenges of global integration means essential. Second, listed companies are the cornerstone of the stock market, and always will improve the quality of listed companies on the important position. Third, the banking sector and capital markets play in economic development "double driver" role, India after the 1990s, especially in recent years of banking reform, the Indian banking industry to speed up the privatization process, the Government has also relaxed controls on the banking business. At the same time, India is also drawing attention to the United States and the United Kingdom to the capital market-oriented financial systems experience, combined with India's national conditions and speed up the establishment of a multi-level capital market system, greatly inspired the entrepreneurial spirit of innovation, encourage entrepreneurs to take risks and venture and therefore faster technological progress, economic development sustainable. Finally, set up and perfect the multi-level capital market system, to solve our country, "state-owned stock" questions left over from history "share" system problem, a sound development of private enterprises in the legal system. In this paper, the inadequacies in the first analysis of this article are focused on theoretical analysis and empirical analysis from the perspective of a test. The second is this article on the Indian capital market research has a certain time lag, the Subordinated Debt crisis in the United States after some data show that the Indian capital market has also been the global financial crisis, a greater impact; and our country's financial markets because of the relative closed, so far, sub-loan crisis on the impact of China's financial system is still limited. Experts and scholars in response to India completely open capital markets are perfect, able to withstand the global financial crisis is also inconsistent concept. But I personally believe that the Indian capital market is still relatively sound, be able to withstand the test of the financial crisis, India's economy would not have fallen sharply, so as to arrive at some of China's capital market has a significant draw on the experiences and lessons However, these rules and whether the experience fit our country's national conditions, as well as our country at the specific practice of how to apply, space is limited not to do too much discussion, we need to further a comprehensive analysis.