CAJ | 학술논문

资本市场效率的有效发挥与区域的经济发展水平、金融深化度、投资者理念及行为选择等特征条件密切相关，多层次资本市场是资本市场效率的重要支撑和实现途径。在此分析基础上，本文进而指出长三角地区多层次资本市场的构建和运作效率，是实现区域金融资源优化配置与资本市场制度建设的核心内容。
자본시장효솔적유효발휘여구역적경제발전수평、금융심화도、투자자이념급행위선택등특정조건밀절상관，다층차자본시장시자본시장효솔적중요지탱화실현도경。재차분석기출상，본문진이지출장삼각지구다층차자본시장적구건화운작효솔，시실현구역금융자원우화배치여자본시장제도건설적핵심내용。
This paper explores that efficiency of capital market maintains close links with the regional characteristic factors in levels of economy development, degree of finance deepening and choice of investor behavior. The multi-level capital market is an important support anti a real way for the efficiency of capital market. So the paper said that the construction and efficiency of a muhilevel capital market is a key in the arrangement of regional finaucial resources and construction of capital market.