金融创新不能以小利换大弊

Small advantage unable to compensate big disadvantage in financial innovation

金融创新是处于体制转轨阶段的中国股市的发展方向与发展主题。如果把整个市场的制度创新视为建立现代市场经济大厦的一个系统工程的话，那么市场的各个方面与各个阶层的金融创新就是建立这座大厦的基础工程或子工程。为了尽可能地减少市场创新过程中的制度摩擦与制度成本，这些基础工程与子工程的建设．必须符合三个方面的条件和要求。

Any financial innovation has its advantage;when selecting a market, howevet,it should get a big advantage with a small disadvantage instead of a small advantage itself and the participants,system asscurance is the most powerful one and system protection is the most basic one.