我国证券交易所发展问题研究摘要
摘要:
20世纪90年代以来,信息技术的飞速发展、资本9流动的全球化以及金融管制的不断放松,使证券交易所的发展环境发生了重大变化,原有的市场秩序和自然垄断局面逐渐转变为开放市场条件下竞争和发展。世界各证券交易所为确保自身在全球证券市场中的竞争地位,纷纷进行创新和变革。随着中国的金融业和证券市场改革开放的不断深化,特别是中国加入WTO的过渡期结束,证券交易所的发展面临着新的变化的环境,在开放条件下,竞争发展的问题十分突出。如何解决我国证券交易所在发展过程中的种种弊端正是本文的主要研究内容,同时对我国证券交易所发展的策略提出一些建设性的意见正是本文的意义所在。
关键词:金融开放; 证券交易所; 创新发展
Abstract:
Since the 1990s, the rapid development of information technology, capital flows,globalization, and financial control, relaxation, stock exchange environment has undergone major changes, the existing market order and natural monopoly is gradually transformed into the open market under the conditions of competition and development. The various stock exchanges in the world to ensure their own competitive position in the global securities markets, have to innovate and change.As China’s financial industry and the stock market the continuous deepening of reform and opening up, especially the end of the transition period of China’s accession to the WTO, the Stock Exchange, the development is faced with new changing environment under open conditions, the development of competition in a very acute problem. How to solve the drawbacks in the development process of China’s stock exchange is the main contents of this article put forward some constructive comments of this article the significance of the development strategy of China’s stock exchanges.
Key Words:Financial Opening,Stock Exchanges,Innovative Development
目 录
摘要:……………………………………………………………………………………………………………….. 1
目录………………………………………………………………………………………………………………… 2
第一章 开放条件下证券交易所发展的理论分析…………………………………………………….. 3
一、证券交易所的本质………………………………………………………………………………… 4
二、开放条件下的证券交易所竞争………………………………………………………………… 4
(一)波特的五种竞争力量………………………………………………………………………. 4
(二)开放条件下的证券交易所竞争………………………………………………………….. 4
三、创新视角下的证券交易所发展………………………………………………………………… 5
第二章 我国证券交易所的发展现状和问题…………………………………………………………….. 6
一、我国证券交易所的发展现状……………………………………………………………………. 6
二、我国证券交易所发展存在的主要问题及其分析…………………………………………… 8
第三章 推进我国证券交易所发展的对策思考………………………………………………………… 10
一、淡化政策市对产品创新市场环境的影响…………………………………………………… 10
二、加快市场机制的完善……………………………………………………………………………. 11
三、增加证券交易所创新产品的权利……………………………………………………………. 11
四、注重产品的价值创新,降低创新成本……………………………………………………… 11
五、进行公司制改造的探索………………………………………………………………………… 11
结 论…………………………………………………………………………………………………………….. 12
参考文献………………………………………………………………………………………………………… 12