探索广东资本市场的发展

An Investigation on the Development of Capital Markets in Guangdong

广东省资本市场主要是由中长期信贷市场、股票市场和中长期债券市场所组成。由于历史和体制的原因,广东省中长期信贷市场、股票市场在短期内难以有大的发展,唯有债券市场存在大的发展空间。因此,在短期内,广东省资本市场发展的思路应该是:稳定中长期信贷市场,完善和规范股票市场,扩大公司债券发行的规模,开拓地方政府债券市场,实现资本市场的创新发展。

The capital markets in Guangdong province mainly consist of medium-and-long-term credit market, stock market and bond market. Owing to historical and systematic reasons, it is difficult for the medium-and long-term credit market and stock market to develop well in a short-term. On the other hand, there is great development space only for the bond market. Therefore the consideration of developing capital markets in Guangdong is to stabilize the medium-and-long-term credit market, to improve and normalize the stock market, to expand the issuing scale of corporate bond and open up the market of local government bond, thus achieving innovative development of capital markets.