China's Capital Market Development And Improvement Of Research

In a view of the world, the capital market has turned into the core of the financial market. The position of capital market is becoming more and more important. The capital market in some key western countries has perfected market system through hundred years of development. Even though, more and more countries have promoted the function of the capital market, and taken it as major means of enhancing national competition power. Today, under the circumstance of financial freedom and globalization, most industrialized countries are continuously optimizing and renovating their capital market system.In the economic construction of China, the capital market is playing an important role of keeping the continuous and smooth development of the economy, and participating the international competition at the same time. Therefore, the research of operation system and structure optimization of our country's capital market is necessary and pressing.This article, out of the sprout and growth of the history and experience of most western countries' capital market, analyzes and summarizes the frustration and lessons of the mature market, as well as reviews the history of the construction and development of our country's capital market in the past ten years. It affirms the achievement of our country's capital market, and conducts the deep analysis of principal function dissimilation and structure defect remaining in our country's capital market. It puts forward the feasible plan and suggestion in my personal point of view that how to improve and perfect gradually the function and system of our country's capital market in the future practice.Although the capital market has made remarkable achievements in the past ten years through the practice of reforms, the financial strategy deepening. However these achievements only show in the enlargement of the market. There are still some problems remaining in the market structure and function. These problems have been remained until now without any solution, and become more and complicated.Our country's capital market was bom out of planned economy, it differs from other countries in the term of essence. Investigation from the growing environment of the capital market, it naturally has the defect of system, credit foundation and immature capital culture because of in the stage of economic transformation. In addition, the reforms of national enterprises have not completely carried out, it results in the restriction and distortion during the growth of our country's capital market. It is the theme that how to completely understand and evaluate our country's capital market, well apply its function to in the present environment of economy, and how to predictably set up the idea of capital market development...