摘要
通过对股价涨跌、波动幅度和成交量的对比分析,可以发现融券卖空机制的引入有利于完善证券市场的价格发现机制,增强证券公司的盈利能力,丰富投资者的投资选择。在进一步增强证券的可融性,降低中国股市的系统性风险和控制监管漏洞与异常交易的基础上,中国股市建立融券卖空机制的现实条件已基本具备。
By a comparative analysis ot the tluctuation oi stock prices, the range of fluctuation and dealing volume, we may find out that the introduction of bond short selling mechanism is beneficial for perfecting securities market price discovering mechanism, for strengthening securities company＇s profit-making competence, and for offering investors more investment choices. On the basis of further enhancing the financing capacity of securities, reducing the system risk of China＇s stock market, controlling the regulatory loopholes and abnormal transaction, the realistic premise for China to set up a bond short selling mechanism has been mature in the main.
出处
《金融理论与实践》
北大核心
2006年第2期72-75,共4页
Financial Theory and Practice
关键词
股票市场
卖空机制
融券
信用交易
stock market
short selling mechanism
bond
credit transaction
