河北经贸大学学报
河北經貿大學學報
하북경무대학학보
Journal Of Hebei University Of Economics and Trade
2014年
5期
93~100
,共null页
资本市场 多层次建设 市场结构 证券交易 行政垄断 竞争机制
資本市場 多層次建設 市場結構 證券交易 行政壟斷 競爭機製
자본시장 다층차건설 시장결구 증권교역 행정롱단 경쟁궤제
capital market; multilevel construction; market structure; securities trade; administrative monopoly; competitivemechanism
我国资本市场经过多年的发展，已经初步具备一板、二板和三板市场的多层次格局，但与资本市场要求的“纵向分层、横向多体”的设计目标相距甚远。通过分析单层次、单主体的资本市场结构不完善、垄断严重、缺乏竞争、上市品种分割及运行模式僵化等多重弊端，当务之急是构建以两个主板市场，三个二板市场，七个三板市场和多个四板市场为中心的多层次、多主体竞争经营的资本市场，以充分发挥市场的决定性作用。
我國資本市場經過多年的髮展，已經初步具備一闆、二闆和三闆市場的多層次格跼，但與資本市場要求的“縱嚮分層、橫嚮多體”的設計目標相距甚遠。通過分析單層次、單主體的資本市場結構不完善、壟斷嚴重、缺乏競爭、上市品種分割及運行模式僵化等多重弊耑，噹務之急是構建以兩箇主闆市場，三箇二闆市場，七箇三闆市場和多箇四闆市場為中心的多層次、多主體競爭經營的資本市場，以充分髮揮市場的決定性作用。
아국자본시장경과다년적발전，이경초보구비일판、이판화삼판시장적다층차격국，단여자본시장요구적“종향분층、횡향다체”적설계목표상거심원。통과분석단층차、단주체적자본시장결구불완선、롱단엄중、결핍경쟁、상시품충분할급운행모식강화등다중폐단，당무지급시구건이량개주판시장，삼개이판시장，칠개삼판시장화다개사판시장위중심적다층차、다주체경쟁경영적자본시장，이충분발휘시장적결정성작용。
Capital market already have multi-level pattern of main, second and third market after developing for many years.But it is far away the design target requirements of the ＂vertical stratification, horizontal body＂. Through the analysis theimperfection, serious monopoly, lack of competition, the listed species segmentation and operation mode fossilization of thesingle subject, single-level structure of the capital market, urgent affairs are to build the multi-level, multi subject competitionoperation of the capital market as the center of two the main market, three second board market, seven third board marketand a plurality of four market, and give full play a decisive role in the market.
