构建多层次资本市场体系的基本构想与实施方略

建立多层次的资本市场体系,是我国资本市场发展完善的重要战略和大势所趋.完整的资本市场应该由场内和场外等不同层次的市场体系及交易方式共同组成.我国多层次资本市场的完整体系应呈现为"两大部分"和"四个层次".其中,以天津为核心,建立覆盖全国、全面开放、场内场外对接、主场分场联合的柜台交易市场,应该成为我国多层次资本市场体系的重要特征和实施方略.

A Tentative Plan of the Implementation Strategy on Building a Multi-level System for Capital Market

Building a multi-level system for capital market is not only the key strategy on the improvement of Chinese capital market but also a main tendency.An integral capital market consists of different market systems and different bargaining means for floor-based trading system and over-the-counter system.Chinese multi-level system for capital market should be presented as Two Parts and Four Levels.Such an over-the-counter trading market making Tianjin as the core,covering the whole nation,opening widely,bridgin...