论文部分内容阅读
1992年中国证券市场获得大发展的真正动力,是邓小平的南巡讲话和中共十四大正式确立改革的市场经济导向。具体的条件有两条,一是经济高速增长,银根放松;二是金融管理松弛,大量银行贷款可以从其他领域中抽出投入证券市场,据股票专家估计有1/4的基本建设投资会“漏出来”,这是“中国式的”经济增长与证券市场的关系。
The real driving force for the great development of China’s securities market in 1992 is Deng Xiaoping’s speech on the southern frontier and the market-oriented economy formally establishing the reform of the 14th National Congress of the Communist Party of China. There are two specific conditions, one is the rapid economic growth and monetary easing. The other is that the financial management is sluggish. A large number of bank loans can be withdrawn from other fields and put into the stock market. According to stock expert estimates, one-fourth of the capital construction investment will leak Out “, which is the relationship between” Chinese-style "economic growth and the securities market.