融资市场化

文章从直接融资与间接融资之争出发，通过介绍两种融资方式的传统概念内涵，以及当今理论与实践两个方面的金融创新现状，说明了直接融资与间接融资已非界线分明，而是相互竞争、相互交融的关系。最后，作者提出了融资市场化的观点。

Raising Money must be Adjusted by Market

Abstract The paper points out that raising money has two major ways, which are directive way and indirective way. In traditional conception, the two ways are quite different from each other. But now there is a great breakthrough. The directive and indirective ways to raise money have been closely connected. Their relationship is to compete each other and involve eath other.