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在现代市场经济中,股票市场在经济发展的作用日益显现,为国有企业改革,资源优化配置,增加居民的投资渠道等做出了巨大的贡献。由于中国的股市是一个新兴的市场,它的历史尚短,同时又是在经济改革和从计划经济向市场经济转型过程中发展起来的,因此其在结构和运行机制上有一定的特殊性,特别是中国股市的制度安排的缺陷：分割性,垄断性,占主导地位股份
In the modern market economy, the stock market plays an increasingly significant role in economic development and has made tremendous contributions to the reform of state-owned enterprises, the optimal allocation of resources and the increase of residents’ investment channels. Since China’s stock market is an emerging market and its history is short, it has also developed in the course of economic reform and the transition from a planned economy to a market economy. Therefore, its structure and operation mechanism have certain particularities, In particular, the institutional arrangement of China’s stock market deficiencies: fragmented, monopoly, the dominant shares