金融市场基础性制度改革与反思

Basic Institutional Reform of Financial Market and Review

基础性制度是市场有效价格机制形成的基础,是公平交易的平台,也是保护市场主体财富利益的机制。通过分析中国的银行改革及证券市场改革,发现中国的金融改革陷入了利益集团维护既得利益阻碍改革进程的困境之中。而要走出困境,需要从金融改革的基础性制度入手。通过反思美、日、韩三国的金融制度改革经验,提出国内的金融改革要改变计划与垄断的局面,要从基础性制度上减少初始界定不平等,以市场法则为依据,建立新的金融制度。

Basic institutions are the bases forming the efficient price system of the market, the platform for fair deal, and also mechanism protecting the interests of the main wealth of the market. Through analyses of reforms of Chinese banks and her security market, we find that China' s financial reform has landed in a fix in which interest groups hinder the progress of reforms in order to protect their vested interests. The breakthrough lies in the basic institutional reforms of the financial system. By drawing on the experiences in financial system reforms of the U. S. , Japan, and South Korea, the author of this thesis suggests that domestic financial reforms have to give up the present planned and monopolized approaches, reduce inequality of original rights, and establish a new financial system based on market laws.