摘要
股市风险是股市中某些不确定因素对投资预期所造成损失的可能性。现阶段 ,我国股市面临的最大风险是系统性风险 ,集中表现为股价风险、政策风险、政府过度干预风险。应从加快制定国家必须掌握的产业和部门范围、在公司股票初次发行中引入“存量发行”方式、放松对上市公司增发新股和配股的控制、发行可转换债券、明确政府定位。
The paper holds that the stock market risk can be defined as the possibility of prospective failure in investment caused by some uncertain factors.At present,the chief risks confronting China's stock market are systematic risks as follows:stock value risk,policy risk and risk of excessive governmental intervention.It is recommended that precautionary measures be taken for the stock market risks in terms of identifying the state_controlled industries and departments,employing “stock issue”approach in regard to the initial release of company shares,lifting ban on listed corporations concerning their issuance of new shares and dividend delivery,issuing transferable bonds,clarifying government orientation and consolidating classified management of stock corporations.
