摘要
西方发达国家的理论及实践表明,做市商制度对于资本市场大宗交易和不活跃交易流动性具有明显的促进作用。鉴于此,我国不少学者认为应在我国创业板市场开设之初,就采纳做市商交易制度。文章结合经济学理论,通过对我国资本市场交易制度选择相关约束条件的分析,得出了现阶段暂不宜采用该制度的初步结论。
Researches on Market-Maker System in capital market show that the system plays an important role on increasing liquidity of mass trades and inactive trades. Therefore, many China scholars suggest that we should adopt the Market-Maker Mechanism when the Second Board Market is born. However, by analyzing the trade system in China＇s capital market and the relevant restrains, this paper insists that it＇s not the right time for us to do so. It＇s an elementary conclusion from the related economic theories as well as the. reality of China＇s capital market.
出处
《改革与战略》
北大核心
2008年第9期82-85,共4页
Reformation & Strategy
关键词
创业板
做市商制度
交易制度
the second board market
market-maker system
transaction rules
