卖空机制运作机理分析及对我国的启示

An Analysis of Short Sales Mechanism and its Enlightenment to China

卖空是资本市场的一个重要机制,其基本立足点为投资者对后市看淡。它既对市场有积极的影响,同时又是一个相当危险的机制。本文在分析卖空机制的基础上,进一步讨论其在我国的可行性。

Short sales is important in capital markets. Ⅰ: means that investors are pessimistic about the capital market. Posing positive influence on the market, it is an endangering mechanism as well. The paper based on the analysis of short sales mechanism expounds its feasibility in China.