对内开放还是对外开放:B股流通市场改革效应分析

Analysis on the Reform of B-Share Market

B股流通市场对境内开放是中国资本市场走向开放、统一的重要步骤。形式上B股流通市场是先向外开放,后向内开放,实质上B股流通市场对内开放,允许境内合法持有外币的投资者投资B股流通市场,是迈开了中国资本市场对外开放的第一步,是促进中国金融市场结构演进的重要举措。

The opening of B-share market in domestic market is a key step of opening China's capital market. In form, B-share market should be opened first to domestic then to the foreign market. Actually, opening B-share to domestic market and allowing legal domestic investors holding foreign currency invest into B-share market open the door of China's capital market and enhance the development of China's financial market.