Financial Deepening In The Development Of China's Securities Market

The main subject of the text is about that how securities market promote finance deepening and how we should develop securities market of our country to promote finance deepening, for this reason ,1 arrange four parts to analyses the problem in the text.Chapter one describes the position of the development of securities market in the processes of finance deepening. First, I carry on general exposition to the theory of finance deepening, and then propose that different scholars have different views about developing country developing securities market, and analyse the necessity of the development of the securities market with the going on of economic system reform and stated-owned enterprise reform in our country. At last after the theoretical analysis and the real example, I draw a conclusion that the development of securities markets of our country can promote the finance deepening and then drive the economic growth. I thus prove that the development of securities market has important status in our country's finance deepening.Chapter two expounds the way of the securities market promoting finance deepening. The text describe that how the development of securities market dissolve finance constrictions, make the total amount of the financial asset increase the variety of financial asset numerous and make the structure of financial asset rational through proving that securities market helps to promote the development of the marketization of interest rate securities market has complementary relation with financial intermediary the securities market helps to promote the development of financial innovation and helps to import foreign capital. Therefore, the chapter further prove that development of securities market can drive finance deepening.From the angle of the real example, chapter three analyses that though the pace of the finance deepening is moving forward overally, the structure of financial asset is lopsided and the securities market is serous lagged. Thus I think that developing securities market is the key in order to promote finance deepening in the future .Chapter four analyses the awkward situation faced in the development of securities market of our country. On one hand securities market need to be expanded and held energetically. On the other hand a great deal of defects have restricted the further development of the securities market again. Therefore, the text proposes that the securities market of our country should be regulated while developing and should develop while being regulated. At the same time, the text has analysed the defect that the securities market of our country exists and the countermeasure that we further develop securities market.