完善资本市场体系,搭建新经济发展的支持平台

Perfecting the Capital Market System and Building a Supporting Platform for New Economic Development

高科技与高效率的金融市场和完善的资本市场体系相结合,推动着美国经济率先进入了“新经济”时代。但是,在我国,由于金融发展的历史逻辑始终围绕着为国企服务的特点,层次单一的资本市场体系和“高门槛”的上市标准,使我国的投融资体系呈现为新兴产业与社会资金相隔离的融资特征,直接制约了我国高新技术的产业化进程。为使我国经济在21世纪及早进入新经济时代,完善资本市场体系,搭建一个支持新经济发展的坚实平台就显得日益紧迫。

The combination of high technological and efficient f inancial market and perfect capital market system pushed the American economy into the era of “New Economy” ahead of other countries. Yet in China, the h istorical logic of financial development has always focused on serving the state -run enterprises. The single-level capital market system and the “high thresh old” marketing standard make the investment and financing system a system chara cterized by separating the rising industries and the social financing, which dir ectly restricts the process of high and new technology industrialization. In ord er to promote China's economy into a neo-economy in the 21st century and perfect the capital market system, it is increasingly urgent to erect a solid pl atform to support the development of neo-economy.