对当前我国证券市场的宏观思考

本从宏观调控的角度回顾了我国证券市场特殊的成长历程及由此产生的定位偏差，分析证券市场定位偏差导致证券市场管理偏差、上市公司融资绩效降低及市场违规严重，提出要妥善解决非流通股流通问题。正确评价十年证券市场，纠正证券市场定位偏差，顺利实现定位转型，并从制度上重树证券市场投资信心。

Macro-thinking on the Current Securities Market in China

This article reviews the Chinese securities market's development course from a macro-regulation angle, analyzing its orientation deviation, which lead to securities market's managing deviation, low financing performance for corporation and serious violation of the law, thus the authors argue that we should properly settle non-circulating shares' circulating, appraise ten-year securities market rightly, correct the securities market's orientation deviation to achieve orientation transformation successfully and rebuild up investors' confidence institutionally.