摘要:Through empirical analysis on policy factors towards the stock market, we found that the stock market reacted strongly to the policy. The problem of “policy market” is rather serious.
een the policies. Finally, the regulating government policy makes procedures and policies for information disclosure system, and also a public hearing system for major policy.
5.2 Coordination in Market Policy and Macroeconomic Policy
Weaken the characteristics of China’s policy market does not mean that Chinese stock market do not need the regulation and control of national policy. Mature stock markets still need regulation and control of national policy. Chinas emerging stock market is in transition and need regulation and control from policy. We do not need “policy market”, but they can neither leave the policy of co-ordinates and supported. Policy should coordinate and support the stock markets development.
In order boost in a weak stock market, we have to put into effect an active policy in the stock market, to inspire confidence and activate the stock market. Therefore, the implementation of market policies in developing countries should pay attention to the followings:
① when carry implementing macroeconomic policies into execution, the country should follow the principle of prudence in the stock market; ② the policy of stock market should have a relatively stable; ③ monitor the market in accordance with law; ④ the government should create a dynamic market oriented regulatory regime; ⑤ dedicated focus on policy implementation market-oriented reforms, and international standardization. In short, what China’s development of stock market really needs, is not short term material incentives, but the long term development of the basic system construction.
5.3 Block of the International Financial Capital, and Put into the International Financial Institutions
Chinas stock market needs to break the monopoly of the powerful institutions. However, Chinas existing share holders of financial institutions do not have the willing to service for cornerstone investor. Institutions and individuals who manipulate the market can reap a huge profit, even there is no motivation of completing technologies and improve the quality of services. Financial institutions monopolize the administrative resources on a high degree, but also without the need for technologies and services to win customers. So we may reasonably come to the conclusion that there are no external competitive pressures of Chinas existing financial institutions, and there is also no more fear about customer loss. The result of a high degree of monopoly is the degradation of technologies and services. So we have to put our stock market into the international financial institutions gradually, form a multi game, expand technology and services competition, so that to maximize the interests of shareholders.
What Chinese enterprises urgently need is the access to merger and acquisition, restructuring, technical support and service packages, to enhance the efficiency of the industry, industries, enterprises. Yet, a lack of talent pool in the domestic financial institutions, lack of relevant information capacity, lack of non-capital resources, these capabilities can not be in the short term within the formation, should be actively supporting the introduction of capital, technology and services, and the use of international financial institutions, non-capital resources must be placed in the international financial institutions, to use its strong capital, technology and service level, for Chinese enterprises to provide the best financial services.
本论文由英语论文网提供整理,提供论文代写,英语论文代写,代写论文,代写英语论文,代写留学生论文,代写英文论文,留学生论文代写相关核心关键词搜索。