The Analysis Of Fictitious Capital And Real Economic

The article first analyzed the fictitious capital attribute from the fictitious capital connotationin in our country's capital market, and discussed the interactive relation between fictitious economy and real economy from the theories of the fictitious capital, grasped the operation rule of the fictitious capital market under the modern financial economy, making it to serve the sustainable development of the national economy.Combining the function of the fictitious capital market in our country, the utilization of modern economics theories and modern econometric technique, and making use of the descriptive and co-relational analysis and testing linearity of regression to analyze and point out the particular significance of developing the fictitious capital market in our country.The development of fictitious capital has undergone a process from a quantitative change to qualitative change,fictitious economy by the transaction of fictitious capital is changing the value judgment system and the operating mode of the entire economic system.Combining the data collected and relevant information,we can see,fictitious capital market in our country already has a pivotal position. Fictitious capital through the function of price discovery and savings mobilization, to divert the capital into more value-conscious businesses and projects,which optimize social resources allocation, promote technological innovation and economic growth. But our country is still at the early stage of fictitious economy,the functions of fictitious capital development on real economic development is limited. The main cause is the capital market was born in a high degree of planned economy,which was congenitally deficient at the beginning of birth.Along with the expansion of fictitious capital accumulation,,in the aspect of macroscopic view,impelled the optimization of the allocation of resources, including industrial structure promotion, industrial structure improvement as well as promoting the development of the emerging industry and basic activity of the national economy.However, in the aspect of microscopic view, the problem of inefficient resource allocation is widespread among the listed companies。In view of the lack of fictitious capital market in our country,this article simultaneously puts forward the policies to promoting the development of our country's fictitious capital market:(1) diligently establishes and further consummates the maket infrastructure; (2) makes further improvement of credit system;(3) pushes on the strategic adjustment and the reorganization of the fictitious economy internal structure;(4) strengthens the supervising and managing system, increasing supervising levels as soon as possible。...