培育与世界第二大经济体相称的中国资本市场

On the Cultivation of a Capital Market Compatible with the World's Second Largest Economy by GDP

中国的资本市场与实体经济增长背道而驰。培育和发展中国资本市场,建立与GDP相称的国际第二大资本市场,恢复资本市场正向"晴雨表"功能,不仅可以化解资本市场的消极影响,而且可以解决中国经济面临全球经济滞胀和出口增速下跌、房地产调控力度加大、经济增长速度放缓以及通胀压力持续等问题,促进经济结构调整和产业升级,增加居民财产性收入和抗通货膨胀能力,以消费促进经济平稳较快增长和人民币国际化。这需要在中国化的马克思主义指导下,将西方经济学和西方证券市场制度中国化,加强政府规制,以制度变革振兴中国资本市场。

China’s capital market runs in an opposite direction with the real economy in growth.The cultivation and development of Chinese capital market to become the second largest world capital market compatible with its GDP and to recover the positive ＂barometer＂ function of the capital market can resolve not only the negative impact of capital market,but also the problems faced by Chinese economy,such as the decline of China’s export growth as a result of the global economic deflation,the enhanced adjustment of housing regulations,the slowdown of economic growth,and the increasing pressure of inflation,so as to promote the adjustment of economic structure and the upgrading of industries,increase residents’ incomes and the ability of resisting to inflation,and promote the steady growth of economy and the internationalization of RMB.But,this needs the guidance of sinicized Marxism to sinicize the Western economics and securities market institution and strengthen the government regulations in order to prosper Chinese capital market by means of institutional change.