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随着经济的持续高速增长和改革、开放力度的加强。中国的资本市场在1993年获得了长足的进步,不仅市场容量迅速扩大,而且市场体系也日臻完善。初步形成了现代资本市场的框架。从形式上看,目前中国资本形成的主要途径有银行信贷市场、股票市场、国债市场、企业债券市场、基金市场等金融投资市场和政府与企业的直接积累投资以及外汇市场与外资投资市场。随着经济信用化和资本形成金融化程度的不断提高,政府与企业直接积累性投资基本上采取了金融化与信用化的形式,因而目前中国资本市场的基本形式实际上是由国内金融投资市场和国际资本流动市场这两大类组成。显而易见,资本市场是由多种投资形式组成的复杂体系,因而分析资本市场发展的短期变化情况,必须抓住变化较大的主要市场形式。中国的银行
With the sustained and rapid economic growth and reform, opening up has intensified. China’s capital market made great strides in 1993, not only by rapidly expanding its market capacity but also by improving its market system. The initial formation of a modern capital market framework. Formally, at present, the main ways of capital formation in China are the financial investment market of bank credit market, stock market, bond market, corporate bond market, fund market and the direct accumulation investment of government and enterprises as well as the foreign exchange market and foreign investment market. With the continuous development of economic credit and capital formation and financialization, the government and enterprises accumulate direct investment basically take the form of financialization and credit, so at present the basic form of Chinese capital market is actually from the domestic financial investment market And the international capital market these two major categories. Obviously, the capital market is a complicated system composed of various forms of investment. Therefore, to analyze the short-term changes in the development of the capital market, we must seize the major market forms that change greatly. China’s bank