中国转轨时期的市场机制与投资者保护

Market Mechanism and Investor Protection in Chinese Transition Period

对市场机制的各个环节在中国股票市场发展过程中的作用的考察发现,市场机制所发挥的投资者保护作用是非常有限的。因此,应该通过内部治理机制和外部治理机制的完善,尤其是促进媒体作用的发挥来提高我国市场机制的投资者保护功能。

The review of the functions of every link in market mechanism in the development of Chinese stock markets finds that the protection to investors exerted by market mechanism is very limited. Therefore the protection function of market mechanism to investors should be improved through perfecting the interior and exterior governance mechanisms, especially promoting the exertion of the function of the media.