论我国股市平准基金的建立

On the Establishment of Stock Market Stabilization Fund in China

基于全球金融危机的特殊经济背景和我国金融体制改革和发展的情况,目前我国股票市场的运行急需稳定。而设立股市平准基金入市操作是稳定股市的较好举措。当前情况下,股市平准基金需要先行"入市",做到取之于股市,用之于股市,为股市稳定和发展服务。操作中确定合适的规模极为关键,国家的财政收入可作为基金来源的首选。平准基金的组织体系应当科学、合理并应当践行相应的操作机制以及退出机制,待时机成熟,可考虑进行相应立法。

In consideration of the specific economic background of global finance crisis and financial system reform and development , the stock market operation needs stabilization urgently in China. To establish the stock market stabilization fund in the stock market is a rather ideal measure to stabilize the stock market. In the current circumstance, the stock market stabilization fund should ＂enter into the stock market＂ in advance and should be ensured that it is taken from the stock market and used in the same market as well, serving for the stabilization and development of the stock market. It is critical to determine an appropriate scale and the national fiscal income should become the first fund source. The organization systems of the stock market stabilization fund should be scientific and reasonable and should also perform the relevant operation mechanism and exit mechanism. Time being ripe, the relevant legislation on the stock market stabilization fund should be made.