A股市场“中国梦”的机理与实现路径考察——中国需要什么样的股票市场

The Research About Realization Rath of A Stock Market "China Dream"

文章在考察股票市场"美国梦"实现经验的基础上,分析A股"中国梦"的主要障碍,探索A股"中国梦"的实现机理与路径。A股市场的发展应该借鉴美国股市经验,通过一级市场"去泡沫"重塑定价机制、二级市场"提回报"建立赚钱机制以及退市市场"重净化"完善淘汰机制,形成一个良性的生态循环体系;通过股市顶层设计带来的制度红利、多层次证券市场体系完善以及股市国际化共同推动A股"中国梦"的实现。

Based on the investigation of the stock market ＂American dream＂ implementation experience, analyze ＂China dream＂ of A shares main obstacles, exploring the mechanism and path for A shares ＂China dream＂. Development of A share mar- ket should learn from America stock market experience, through first market ＂bubble＂ reshaping the pricing mechanism, the two class market ＂reward＂ and ＂delisting mechanism set up money market re purification＂ perfect elimination mechanism, form a be- nign ecological circulation system through the stock market; the top design system of dividend, multi-level securities market sys- tem perfection and the internationalization of stock market jointly promote the implementation of A shares ＂Chinese dream＂