对我国现阶段资本运行的规律性认识及监管对策  

Keen Understanding and Supervision Countermeasures of China's Current Capital Operation

作　　者：李增刚[1] Li Zenggang

机构地区：[1]山东大学经济研究院

出　　处：《国家治理》2022年第8期14-19,共6页Governance

摘　　要：资本作为重要的生产要素,对一个国家或地区的经济增长和经济发展具有重要作用。资本具有追逐利润的本性,这既是其活力的源泉,又会造成其过度扩张、无序发展,导致"市场失灵"。中国现阶段的资本市场表现出一定的无序扩张态势:国有资本投资领域仍然较宽;资本过度集中于房地产行业;利用正常消费品的投资、投机行为泛滥;教育、医疗等基本民生行业或领域"过度商品化"等等。鉴于此,有必要通过完善监管制度为资本设置"红绿灯",对资本的进入、退出及其发展速度等进行限制,防止其野蛮生长。As an important production factor,capital plays an important role in the economic growth of a country or a region.Its profit-seeking nature makes it a source of vitality but may also cause"market failure"with its excessive expansion and disorderly development.At present,China's capital market manifests a certain trend of disorderly expansion,i.e.,the state-owned capital is the sole market leader so there are still wide areas for investment;the capital is excessively concentrated in the real estate industry;investment and speculation in normal consumer goods are rampant;basic livelihood industries or fields such as education and healthcare are overly commercialized.Given this,it is necessary to set the"traffic lights"for capital by improving the supervision system to restrict its entry,exit,and development speed so as to prevent its wild growth.

关 键 词：资本特性 市场失灵 有效监管 资本"红绿灯" 

分 类 号：F124[经济管理—世界经济]