对我国证券市场设立国际板的思考

随着我国证券市场国际化进程的加快,建立国际板是大势所趋。我国证券市场设立国际板没有管理、技术和法律上的障碍,而且已具备跨境监管能力等有利条件,但也存在各方利益目标不一致、圈钱风险、股市抽血和运行机制不畅等障碍因素,需要提前做好制度建设和规则制订,把对现有市场的冲击降到最低程度。

With the rapid internationalization of C-hinese securities market establishment of an international board is a general trend.Establishment of an international board will attract global high-quality listing resources,improve the hierarchy of stock market,promote construction of Shanghai international financial center;which will be helpful to get capital pricing and to achieve the sustainable development of Chinese economy.Chinese securities market which has being developed for years has strong attraction on foreign companies and has favorable conditions on monitoring cross-border companies.There is no management,technical and legal obstacles when establishing an international board.But there are some unfavorable factor such as inconsistencies in the interests of all targets,misappropriating risks,the stock market and operating mechanisms.Introduction of the international board should be treated carefully,institution-building and rule-making should be done in advance which will minimize the impact on the existing market.