中美股市生态环境的比较研究

一系列影响与制约股市发展的政治制度、法律规则、社会习俗构成了股票市场的产权环境、监管环境和信用环境,这些环境即构成了影响股票市场效率的股市生态。本文通过对比中国与美国股市的生态环境,分析中国股市生态的不足,着力强调推进股票市场的发展需要各方面制度环境的相互协调。

Comparison research of China and American stock biological environment

Political system,statutory rule and social custom,which influence and restrict the development of stock market,constitute property environment,regulation enviromment ,creit enviroment stock market.Such environments consiti of the ecosystem of stock market that greatly influences market efficiency,The article compares the ecosystem of Chinese stock market with that of American stock market,analyzes the disadvantages of current Chinese market ecosystem and some possible evil outcomes of the reform of shareholding splitting .The article emphasizes that we should put more attention on the overall reform and harmony of all system environments.