中国股市双向开放的现实瓶颈与解决方案

发布时间：2018-01-15 14:40

  本文关键词：中国股市双向开放的现实瓶颈与解决方案　出处：《企业经济》2017年09期 　论文类型：期刊论文

  更多相关文章： 股票市场 双向开放 可持续发展

【摘要】：金融业双向开放背景下的中国股市双向开放是更高层次和更高水平的开放。近十年来,中国股市双向开放的成果多面呈现,双向投资渠道逐年拓宽,双向参与主体逐渐多元,市场运行秩序逐步规范。双向开放进程中的中国股市发展迅速,但同时,也面临诸多现实问题:与成熟市场联系紧密但相对新兴市场脱钩,参与方自由度提升但蕴涵复杂内生风险,多重因素影响叠加使可持续性遭受质疑。为了推动中国股市积极稳妥地双向开放,本文提出应夯实与成熟市场已有合作成果,加深自身对新兴市场双向关联,建立与完善证券投资负面清单,进一步规范参与方的交易行为,有效化解全球化进程不利影响,提升中国股市开放的可持续性。
[Abstract]:The two-way opening of China's stock market is a higher level and a higher level of openness under the background of the two-way opening of the financial industry. In the past decade, the achievements of the two-way opening of the Chinese stock market have appeared in many aspects, and the two-way investment channels have been widened year by year. In the process of two-way opening, China's stock market is developing rapidly, but at the same time. It also faces many practical problems: close contact with mature market but relative to emerging market decoupling, increasing the freedom of participants but containing complex endogenous risks. In order to promote the Chinese stock market to open actively and steadily, this paper puts forward that we should consolidate the existing achievements of cooperation with the mature market and deepen our two-way relationship with emerging markets. Establishing and perfecting the negative list of securities investment, further standardizing the trading behavior of the participants, effectively resolving the adverse effects of the globalization process, and promoting the sustainability of the opening up of China's stock market.
【作者单位】： 江西师范大学财政金融学院;江西师范大学江西省产业转型升级软科学研究基地、苏区振兴研究院;
【基金】：国家社科基金项目“有限关注的机构投资者行为与板块股价同步性研究”(项目编号:15BGL050) 江西省社会科学“十二五”(2015年)规划项目“促进我省民间投资活力的战略问题研究”(项目编号:15YJ15) 江西师范大学科研项目“金砖国家股市关联研究:理论与实证”(项目编号:12016515)
【分类号】：F832.51
【正文快照】： 一、引言所谓金融业双向开放,指的是国内外金融市场间的相互开放,即国内外金融机构与资金的“走出去”与“请进来”。金融业双向开放背景下的中国股市(中国大陆,下同)双向开放是更高层次和更高水平的开放。自1991年中国股市对外开放以来,国家在引入战略投资者、放宽境外机构准，

本文编号：1428819