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On The Way Out Of The Chinese Stock Market Development

Posted on:2005-05-22Degree:MasterType:Thesis
Country:ChinaCandidate:X D ChenFull Text:PDF
GTID:2206360122996037Subject:Political economy
Abstract/Summary:PDF Full Text Request
This paper makes a detailed discussion on Macro-Institution environment of stock market in China, the stock right structure of listed company, stock market system in China and the supervision and information disclosure of stock market in China. It clarify some suggestions about the way of macro-institution originality in stock market in China , about perfecting the direction and mode of stock right structure of listed company in our country, about the method of perfection for stock market system in China, about the strengthening supervision and regulating information disclosure system of listed company in China.This paper first analyses the defect of stock market system in China, which provides consult for system originality of stock market in China. That is, the developing mode of stock market should be transferred from "government control" to"market oriented" , its functions should be transferred from "capital accumulated" to "resource allocation efficiency" , the market target should be transferred from"service for the reform of state-enterprises " to "service for the National economic" . Firstly, we should rectify the role of stock market in China, and removes government's responsibility for hidden assurance. Secondly, the listed standard should be strict so as to eliminate the hidden danger of quality of listed company. Then, this paper analyses the stock right structure in stock market in China, This paper points out it can be solved by four ways, which are absorbing the virtues of holding mode of stock rights in America and Europe, optimizing the stock rights structure of listed companies in China. Besides, This paper points out the improving direction for government supervision institutionalization and information disclosure regularity of listed company. This paper finally analyses the structure system of stock market in China, it is urgent to perfect the structure singularity of stock market in China, this paper provides some politic suggestions to build multi-rank stock market system.
Keywords/Search Tags:stock market, institutional settings, stock right structure, market system
PDF Full Text Request
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