资本市场开放的机遇与挑战  

The opportunity and challenge of opening capital market

作　　者：李敏[1] 

机构地区：[1]上海大学,上海201800

出　　处：《上海市经济管理干部学院学报》2005年第3期42-47,共6页Journal of Shanghai Economic Management College

摘　　要：应对资本市场的开放,需了解国际资本流动的特点,按照市场趋势的规律顺势而为,将国内现存的风险释放在资本市场开放与国际资本流入的过程中,在需求大于供给过度的形势下,推出国有股市价减持,减缓外资流入中国资本市场的速度。配合利率、汇率的适时变动,锁定国际投机资本,使资本市场与外汇市场通过现货对冲的方式阻止套利行为的发生。Understanding the characteristics of international capital flow, according to the regulation of the market trend , release the local and extant risk in the process of capital market opening and international capital flowing , when require has been the larger than supply and with the excesssive , release the stock that government hold was soid in market price, decelerating the speed of foreign capital flow into Chinese capital market. Policy of government adequated to wave with the interest rate, rate of exchange, target the international speculation capital, so it will obstructs the capital market was operated with foreign exchange market to arbitrage.

关 键 词：资本市场开放 机遇与挑战 国际资本流动 国际资本流入 中国资本市场 国际投机资本 市场趋势 风险释放 外资流入 套利行为 外汇市场 国有股 应对 国内 过度 供给 减持 市价 利率 适时 汇率 对冲 现货 

分 类 号：F832.5[经济管理—金融学] F810.42