一引言虚拟资本是马克思在《资本论》中首先提出来的,具体指在借贷资本和银行信用基础上产生的,包括股票、债券、不动产抵押单等。从虚拟经济演化发展角度看,纸币的出现标志着商品价值开始虚拟化,信用制度和股份制建立则标志着资本的虚拟化,随后金融衍生品的诞生和交易标志着虚拟资本的虚拟化,虚拟经济开始作为一个独立的经济 I. INTRODUCTION Fictitious capital is first proposed by Marx in “Capital Theory”, which specifically refers to loan capital and bank credit, including stocks, bonds, real estate mortgage bills and so on. From the point of view of the development of virtual economy, the emergence of banknotes indicates that the value of commodities begins to be virtualized. The establishment of credit system and shareholding system symbolizes the virtualization of capital. Subsequently, the birth and transaction of financial derivatives mark the virtualization of virtual capital and virtual economy Start as an independent economy