改革
改革
개혁
Reform
2015年
3期
89~97
,共null页
投机资本过剩 投资资本短缺 资本配置失衡 金融监管
投機資本過剩 投資資本短缺 資本配置失衡 金融鑑管
투궤자본과잉 투자자본단결 자본배치실형 금융감관
speculative capital surplus, investment capital Shortage, capital misallocation, financial regulation
实体经济与金融市场间的投资收益利差是导致“投机资本过剩一投资资本短缺”资本配置失衡现象的直接原因，深层原因则是资本配置方式自身弊端的显现。投资资本“短缺”与投机资本“过剩”将成为中国经济发展和转型升级面临的主要矛盾。解决这一问题，应加强与相关领域监管手段的配合。强化对财政资金使用方向的监管，完善资本市场相关制度。
實體經濟與金融市場間的投資收益利差是導緻“投機資本過剩一投資資本短缺”資本配置失衡現象的直接原因，深層原因則是資本配置方式自身弊耑的顯現。投資資本“短缺”與投機資本“過剩”將成為中國經濟髮展和轉型升級麵臨的主要矛盾。解決這一問題，應加彊與相關領域鑑管手段的配閤。彊化對財政資金使用方嚮的鑑管，完善資本市場相關製度。
실체경제여금융시장간적투자수익리차시도치“투궤자본과잉일투자자본단결”자본배치실형현상적직접원인，심층원인칙시자본배치방식자신폐단적현현。투자자본“단결”여투궤자본“과잉”장성위중국경제발전화전형승급면림적주요모순。해결저일문제，응가강여상관영역감관수단적배합。강화대재정자금사용방향적감관，완선자본시장상관제도。
The difference between real economy and financial markets is a direct cause of ＂speculative capital surplus-investment capital shortage＂ capital allocation paradox, and the underlying cause is drawbacks exposition of capital allocation model. Investment capital ＂shortage＂ and speculative capital ＂surplus＂ will become main problem of economic development and upgrading in China. In order to solve this problem, central government should strengthen cooperation of supervision among related kinds of regulation and supervision of fiscal fund＇s use, and improve capital market-related system.
