A Study In The Paths And Strategies For Further Opening Of China's Capital Market

Capital market is the catalyst for the development of China's real economy.In the period of economic prosperity,the development of capital market can promote the development of real economy,but in the period of economic recession,capital market will make the development of economy fluctuate or even crisis.Therefore,the stable development of capital market plays an important role in the stable development of China's economy.Now the tide of global integration is coming,the further opening of capital market is particularly important.As a barometer and an important source of capital for the real economy,how to further open and improve the capital market to become a mature and developed market is of great significance for the next stage of China's economic development.This not only provides theoretical support for regulators and policy makers to further open China's capital market,but also provides feasible suggestions and Reflections for regulators and policy makers.At present,China's current capital market reform is at the crossroads of history,and the reform and opening up of capital market ushered in a rare period of strategic opportunities.In the new era of high-quality economic development,it is very important to further deepen the opening up of capital market.Further deepening reform and opening up of the capital market is a strong support for China's economic development from high-speed to high-quality.Further opening the capital market to the outside world will not only help to stabilize the wealth effect of China's capital market,protect the consumption upgrading of Chinese residents,and boost the sustainable development mode of economic growth driven by domestic demand;further opening the capital market to the outside world will also help the entry of medium and longterm funds,so as to alleviate the domestic term mismatch and reduce the risk of term mismatch.Further opening of the capital market to the outside world is conducive to the marketization of domestic factors.One belt,one road,is not only promoted by the opening of the capital market,but also promoted the "one belt and one road" construction.Further opening up of the capital market also helps to reduce dependence on the US dollar,promote the internationalization of RMB,and reduce the exchange rate risk faced by us in the international capital market,so that the RMB's international status matches the international status of China's second largest economy.Further opening of the capital market is a long-term help for the sustainable development of the economy.The further opening of China's capital market to the outside world is conducive to the introduction of a large number of professional and rational institutional investors,the formation of the investment concept of guiding the capital market from short-term speculation to long-term value-oriented investment,and thus promoting the long-term sustainable development of the capital market and the real economy.However,there is still a certain gap between the maturity and development of China's capital market and developed countries.Some systematic problems are still expected to be delt with in the process of further opening up.Hence,based upon the empirical research and analysis of China`s capital market`s actual situation and existing development,this paper further analyzes the problems in the process of the development of the capital market,in order to provide relevant suggestions for the further opening and development of the capital market.