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体制因素 一、体制因素造成了证券市场定位的不合理。中国证券市场是在计划经济体制向市场经济体制转换过程中滋生出来的。后来,在经济体制改革中的作用越来越突出,对整个国民经济发展所起的作用越来越大。特别是证券市场为国有企业改革和发展起的作用巨大,才有了1997年、
Institutional factors First, the institutional factors have created an unreasonable positioning of the securities market. China’s stock market is breeding out during the transition from a planned economy to a market economy. Later, it became more and more prominent in the reform of the economic structure and played an increasingly important role in the development of the entire national economy. In particular, the stock market has played a huge role in the reform and development of state-owned enterprises in 1997,