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新经济的发展加速了资本市场的国际化和全球化 ,推动了金融创新的快速发展 ,促进了资本市场发展的自由化 ,对政府对资本市场的监管提出了新的挑战 ,使资本市场上的投机行为受到抑制 ,可能改写资本市场的运行规则。为促进我国新经济发展 ,需以资本市场制度创新为突破点。我国资本市场制度创新主要应在以下几个方面展开 :适应金融制度混业化趋势 ,积极推进资本市场监管的市场化 ;建立并完善以买卖公平为基础的资本市场规则体系及其维护制度 ;建立二板市场和场外市场 ,完善资本市场结构 ;加强金融工具创新研究 ,在实现投资工具多样化的基础上提高资本市场功能效率 ;进一步完善资本市场的投资者结构 ,大力发展高质量的机构投资者。
The development of the new economy has accelerated the internationalization and globalization of the capital market, promoted the rapid development of financial innovation, promoted the liberalization of the capital market and posed new challenges for the government to supervise the capital market so that the capital market Speculation is dampened and may overwrite capital market rules of operation. In order to promote the development of new economy in our country, it is necessary to take the innovation of capital market system as a breakthrough point. China’s capital market system innovation should be mainly in the following aspects: to adapt to the trend of the financial system of hybridization, and actively promote the market supervision of capital markets; to establish and perfect the fairness-based capital market rules system and its maintenance system; to establish Second board market and over-the-counter market, improve the capital market structure; strengthen the innovative research on financial instruments, improve the capital market efficiency based on the diversification of investment tools; further improve the investor structure in the capital market and vigorously develop high-quality institutional investment By.