The Research Of Short-mechanism And Long-term Stable Development Of China Capital Market

Nowadays the world economics are developing faster and faster,and there are much more innovative financial instruments in the economic market,at the same time capital flowing is also faster and faster.Since the establishment of Shanghai Stock Exchange and Shenzhen Stock Exchange,our country's capital market has achieved certain development.And the carrying out of the Short-Mechanism in 2010 is an important aspect among all the development.But in fact,since the Short-Mechanism in our country develops relatively late and including more restrictive clauses compared with other sophisticated capital market,our country's Short-Mechanism is still at an initial stage and forming a great distance from other sophisticated capital market.So this article analyses the necessity of improving our capital market's Short-Mechanism step by step by discussing the relationship between our country's Short-Mechanism and the sophisticated capital market's Short-Mechanism,as well as discussing the current situation of the price rising and dropping suddenly and sharply in our capital market.And by the way analyzing the way to improving our Short-Mechanism under the existing conditions.In fact the Short-Mechanism plays an irreplaceable role in the sound and steady development in a capital market.So at the moment it is one important challenge for our capital market to develop and improve the Short-Mechanism,and this problem has to be solved in our capital market.So this article put the studying of Short-Mechanism as a starting point to analyze the methods to regulate and control the existing problem of rising and dropping suddenly and sharply in our capital market.This article at first introduces the definition and operating mechanism of going short and Short-Mechanism,and reviews the history and current status as well as the existing problem of our stock market.And then focuses on analyzing the transmission mechanism between Short-Mechanism and the capital market,and analyzing the importance to lighten the sudden and sharp rising and dropping in the stock market and promote the healthy development of it by improving the Short-Mechanism.At last,explaining the necessity and feasibility of perfecting and optimizing the Short-Mechanism in our capital market combining the introduction of the sophisticated capital market's experience in developing the Short-Mechanism,and on this basis to table a proposal in improving the Short-Mechanism in our capital market.