外资流入中国股票市场的“双刃剑”效应及对策

The"Double-Edged Sword"Effect of Foreign Capital Inflow into China's Stock Market and Its Countermeasures

近年来外资大幅流入我国股票市场,对股票市场的影响与日俱增,引起国内监管机构以及投资者的关注。阐述外资进入我国股票市场的路径及分布情况,解析外资影响股票市场的机制和效果,并总结发达经济体日本和韩国的历史经验与教训,对我国股票市场完善发展具有重要意义。我国应辩证看待外资流入的“双刃剑”效应,在积极引导外资流入的同时需要有效防范股票市场与汇率波动风险。

In recent years,foreign capital has greatly flowed into China's stock market and its impact on the stock market has gradually increased,which attracts the attention of domestic regulators and investors.Expounding the path and distribution of foreign capital entering China's stock market,analyzing the impact mechanism and effect of foreign capital on China's stock market,and drawing lessons from historical experiences of developed economies such as Japan and South Korea have important significance for improvement and development of China's stock markets.China should dialectically treat the double-edged sword effect of foreign capital inflow,actively guide foreign capital inflow,and effectively prevent the risk of stock market and exchange rate fluctuation.