证券是商品经济发展到一定阶段的必然产物。证券和证券市场是随着资本主义的发展,从信用制度和金融市场中派生并发展起来的。证券作为一种金融资产,不仅是颇受社会公众欢迎的投资对象,亦是广泛运用的筹资手段,并日益渗透于社会经济生活之中。我国的证券市场作为有计划商品经济的伴侣,它从属于商品经济运行机制,而又推动着我国商品经济的发展。实践证明,证券、股票的发行,都是伴随着社会化大生产和商品经济的发展而必然出现的,并不属于资本主义所特有。在我国目前的条件下,完全可以并且应当利用它来为我国的经济建设服务。因此,充分认识证券市场在我国经济社会进程中的功能和作用,具有十分重要的现实意义。 Securities are the inevitable product of the development of commodity economy to a certain stage. With the development of capitalism, the securities and securities markets are derived and developed from the credit system and financial markets. As a kind of financial assets, securities are not only popularly welcomed by the public, but also widely used as means of financing and increasingly permeate social and economic life. As a partner of a planned commodity economy, China’s securities market is subordinate to the mechanism of operation of the commodity economy, which in turn promotes the development of the commodity economy in our country. Practice has proved that the issuance of securities and stocks are inevitably accompanied by the development of socialized mass production and commodity economy and are not unique to capitalism. Under the current conditions in our country, it can and should be used to serve our country’s economic construction. Therefore, it is of great practical significance to fully understand the function and role of the securities market in the economic and social progress of our country.