当前,经济理论界普遍把发展资本市场视为走出企业高负债、低效率,银行软资产硬负债、低收益、高风险,居民高债权、高收益、低风险等经济改革多重困境的突破点和重构国有企业产权结构及有效公司治理结构,提高国有资本营运效率的重要途径。对此,笔者并无疑义。但是,在资本市场发展中,应充分重视日益严重的国有银行风险和潜在的货币信用危机,因为,如果资本市场发展不当,在短期内可能加剧银行业风险,甚至成为货 At present, economic theorists generally view the development of capital markets as a breakthrough point from the multiple dilemmas of economic reform such as high debt and inefficiency, soft debt of banks, low yield, high risk, high claims of residents, high yield and low risk, etc. Reconstruction of state-owned enterprise property rights structure and effective corporate governance structure, improve the efficiency of state-owned capital operation an important way. In this regard, I have no doubt. However, in the development of capital markets, we should pay full attention to the increasingly serious state-owned bank risks and potential currency credit crises because improper development of the capital market may aggravate banking risks in the short term and may even become a problem