文档介绍：本科毕业论文
我国资本市场股票债券
发展不均衡分析
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我国资本市场股票债券发展不均衡分析
摘要
中国资本市场从开始出现的第一天起就站在中国经济改革和发展的前沿,推动了中国经济体制和社会资源配置方式的变革。随着市场经济体制的逐步建立,对市场化资源配置的需求日益增加,资本市场逐步成长壮大,在国民经济中发挥作用的范围和程度也日益扩大和提高。在我国的资本市场中,股票和债券是众所周知的两大基本组成部分,它们可以说是相辅相成、相互促进。但当前环境下,这两者的均衡发展却不尽如人意,值得人们深思。
当然,我们应当承认,中国资本市场还是一个新兴的市场,还是一个不完善和不成熟的市场。当前存在市场规模小,市场结构不合理,金融工具单一等问题。中国至今并未形成多层次资本市场,必须进一步改革、发展和创新中国资本市场,发展多层次资本市场,改变资本市场结构,扩大资本市场规模,为投资者提供更多投资渠道,为企业提供通过资本市场筹资和投资的机会。其中,均衡股票和债券的发展是一个十分重要的环节,这对于进一步提升中国资本市场水平很有帮助。
债券市场是资本市场的重要组成部分,也是金融市场的重要组成部分。但是,我国债券市场还处于发展之中,与发达国家债券市场相比仍有不小的差距。目前,我国债券市场还有许多问题需要继续下功夫去解决。例如,我国债券市场的品种结构还不尽完善,企业信用债券的数量尽管近几年发展很快,但是占比仍然太低;再如,我国债券市场中场内市场和场外市场的统一程度还比较低,投资者、债券、资金还不能自由地在场内外市场间流动;还有,我国债券市场的监管体制仍然处于多头、分散、低效的状态。这些问题不尽快解决,我国债券市场的进一步发展必将受到影响。
如今我国资本市场需要努力寻求股票与债券的均衡发展,那么研究债券市场,推动债券市场发挥更大的作用,就成为一项不可忽视的工作。
关键词:资本市场不均衡发展股票债券
THE ANALYSIS OF THE UNBALANCED DEVELOPMENT OF
STOCKS AND BONDS IN CHINA’S CAPITAL MARKET
ABSTRACT
From the very beginning when China’s capital market established, it has always been standing in the forefront of China’s economic reform and development, promoting the change of China’s economic system and social resource allocation. With the market economic system steadily building up as well as the demand of the market allocation of resources increasing day by day, China’s capital market is gradually growing and playing a more and more important role in national economy. In the capital market, stocks and bonds, which is known to all, are two basic parts. They plement each other, promote each other. But in the current environment, they are both far from ideal balanced development, which is worth thinking deeply.
Of course, we should admit that China’s capital market is still an emerging, imperfect, immature market. The main problems currently exist are market is small, market structure isn’t reasonable, financial instrument is simplex, etc. China has not formed a multi-level capital market up to now. So government must further the reform, d