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作者认为，国债市场、股票市场双主体格局将成为今后我国证券市场的发展方向。并对两大主体的运作态势及其机理作了探讨，指出在１９９５年，国债市场──进一步扩大规模，功能可望放大；股票市场──谨慎扩容，孕育生机，远景看好。
The author believes that the dual subject structure of government bond market and stock market will become the development direction of China’s securities market in the future. It also points out that in 1995 the treasury bond market ─ ─ further expand the scale and function is expected to enlarge; the stock market ─ ─ prudent expansion, give birth to vitality, long-term bullish.