论文部分内容阅读
在国际经济和区域经济竞争中,一个合理的宏观资本结构一定是能最有效地将货币资源分配到最有利于提高资本形成率、提高产业的技术含量、培育新兴企业和具有较强的抗风险能力的一种金融安排。从中国目前情况看,无论是银行体系还是现有的股票市场都不具备这种良性资本结构的特征,只有另辟蹊径,才能达到改善国家资本结构的目的。而发展创业投资,发展为成长型企业投融资服务的多层次资本市场,是改善宏观资本结构的最有效手段。
In the international economic and regional economic competition, a reasonable macro-capital structure must be the most effective way to allocate monetary resources to the most conducive to increasing the rate of capital formation, raising the technological content of industries, fostering emerging enterprises and having strong anti-risk A financial arrangement of ability. Judging from the current situation in China, neither the banking system nor the existing stock market possess the characteristics of such a benign capital structure. Only by finding another way can the purpose of improving the state capital structure be achieved. The development of venture capital and development of multi-level capital markets for growth enterprises’ investment and financing services are the most effective measures to improve the macro-capital structure.