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一、非上市公司股权交易市场与相关概念辨析非上市公司股权交易市场是在我国多层次资本市场体系构建中逐步发展起来的一种市场形态,目前虽未完全成型,但其重要性却日益显现。通过文献梳理可以看到,非上市公司股权交易市场往往与资本市场、证券市场、产权市场等概念交织在一起。这些概念虽然经常使用但缺乏从法学视角作深入比较并准确定义,由此也给我国多层次资本市场体系的构建带来了不小的困惑。本文立论由对四个概念的辨析展开。(一)资本市场(capital market)资本市场是以资本为核心的市场。相对于证券市场等概念,资本市场的内涵不够明晰,这主要与资本(capital)含义的模糊有关。马克思主义政治经济学说认为,资本是
First, the non-listed companies and the related concepts of equity trading market differentiation The non-listed companies equity trading market in China’s multi-level capital market system to build a market gradually developed form, although not yet fully formed, but its importance has become increasingly apparent . Through the literature review, we can see that the equity trading market of non-listed companies is often intertwined with the concepts of capital market, stock market and property rights market. Although these concepts are often used, they are lack of deep comparison and accurate definition from the perspective of jurisprudence, thus bringing a lot of confusion to the construction of China’s multi-level capital market system. This essay is based on the analysis of four concepts. (A) capital market (capital market) Capital markets are capital-based markets. Compared with the concept of securities market, the connotation of capital market is not clear enough, which is mainly related to the fuzzy meaning of capital. Marxist political economy theory holds that capital is