全球大湾区资本形成机制比较研究  

A Comparative Study of Capital Formation Mechanism in the Global Bay Areas

作　　者：彭兴庭[1] 卢晓珑 卢一宣 何瑜 

机构地区：[1]深圳证券交易所综合研究所,广东深圳518038

出　　处：《证券市场导报》2019年第3期4-12,22,共10页Securities Market Herald

摘　　要：对比纽约、旧金山和东京等三大湾区,粤港澳大湾区在基础设施建设、经济规模总量、产业发展基础、投融资需求等方面具有一定的优势,但粤港澳大湾区近年资本形成效率有所下降,还存在储蓄基础薄弱、资本生态多样性不足、产业同质化竞争,以及资本形成渠道不丰富、市场化程度偏低、形成成本较高、制度适应效率较低等问题。总体上,粤港澳大湾区资本形成的有效性仍有较大的提升空间。Compared with the other three bay areas, Guangdong-Hong Kong-Macao Greater Bay Area enjoys certain edge in infrastructure construction, total economic scale, industrial development foundation, investment and financing demands, etc. Moreover, our Greater Bay Area somewhat falls behind in capital formation efficiency when compared with the other three bay areas. There are such issues as weak saving basis, insufficient diversity in capital ecology, homogeneous industrial competition, limited capital formation channels, low marketization level, high capital formation cost and inefficient institutional adaptation. These all imply large room for improvement for Guangdong-Hong Kong-Macao Greater Bay Area in efficient capital formation.

关 键 词：全球大湾区 粤港澳大湾区 资本形成机制 证券交易所 

分 类 号：F832.5[经济管理—金融学]