中国股市新千年三次大辩论透视

中国证券市场新千年爆发的三次大辩论虽然在形式上具有比较激烈和精彩的特点，但由于对中国证券市场正在进入一个新的发展阶段的认识仍然比较模糊，致使获得的建设性成果相当有限。适应新形势的需要，政策导向应该建立在不断引入投资性资金基础之上，以使中国证券市场尽快步入比较成熟的健康发展阶段。

Perspective on the Debates Over China's Stock Market in the New Millennium

Although the debates over Chinese stock market in the new millennium is relatively drastic and brilliant in form, the constructive achievements we can get are rather limited, owing to the unclear understanding of the stage of Chinese stock market. Viewing this, the policy should be based on the induction investment funds to perfect the market.