中国金融市场的风险构成及其应对策略

The Risk Composition and Coping Strategy of Chinese Financial Market

经济体制模式和金融体系的开放程度会在基本面上决定一国的金融市场风险构成,不同的市场风险构成会引导政府对金融危机有不同的应对措施。针对有可能再次发生的国际金融危机,如何在理论上概要地梳理出中国金融市场的风险构成,如何依据这些构成来解析国际金融危机对中国发生的冲击及如何应对金融危机,这些问题的研究,要求我们在理论上考察中国现存的各种制度安排与现实的关联,要求我们结合体制模式或制度安排来寻找应对金融危机的方法和途径。国际金融危机在许多领域对中国产生冲击的事实,在规定着政府必须依据现实做出战略决策和手段选择的同时,也对经济理论研究提出了新的任务和要求。本文的分析可视为对这些任务和要求的一种学术讨论。

The risk composition of financial market is decided by the economic system and the openness of the financial system. The government is leaded by the different market risk composition to draw up different response policies. Facing the possible recurrence of the international financial crisis,we need to list the risk composition of Chinese financial market and analyze the influence from this crisis. The paper studies the existing institutional arrangement in China and analyzes the ways and means towards the financial crisis. The fact that China has suffered from this crisis requests the government to have strategic decision-making and tool selection. This paper has some academic discussions to these problems.