浅析混合所有制改革对资本市场的影响

The Impact of Mixed Ownership Reform on the Capital Market

在新一轮国企改革中,混合所有制改革是重点,我国资本市场通常认为制度还不完善,部分上市公司质量不高、透明度不够,使得资本市场的投融资功能发挥不够充分,加大了直接融资难度,特别对一些民企和成长型中小公司来说,很难通过资本市场进行直接融资。通过对混合所有制改革如何资本市场的影响进行了讨论,认为混合有制改革能够提高企业的治理能力,增强了民企的信用水平,拓展了创新型企业的融资渠道,有利于提高公司质量,发挥国有资本的对国民经济的支撑和引领作用,推动了资本市场的健康发展。

In the new round of reform of state-owned enterprises,the reform of mixed ownership is the key.In China's capital market,it is generally believed that the system is not perfect,some listed companies are not of high quality and transparency,which makes the investment and financing function of the capital market inadequate and increases the difficulty of direct financing.Especially for some private enterprises and growing small and medium-sized companies,it is difficult to finance directly through the capital market.This paper discusses how the mixed ownership reform affects the capital market,and holds that the mixed ownership reform can improve the governance ability of enterprises,enhance the credit level of private enterprises,expand the financing channels of innovative enterprises,improve the quality of companies,give play to the supporting and leading role of state-owned capital in the national economy,and promote the healthy development of the capital market.