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“为市场构筑支持性制度”是世界银行的第24辑年度世界发展报告(英文版2001年9月,中文版2002年12月,中国财政经济出版社)的主题。报告提醒原本缺乏制度基础的发展中国家,在运用市场经济发达国家成熟的正规制度或“国际惯例时,必须辅之以支持性的、补充性的、或配套性的制度。报告用一整章的篇幅专门论述了企业治理结构的支持性制度;可以肯定,无论是资本市场监管当局,还是在股市损失惨重的中小投资者,读世行的这一期报告都将大受启迪。
“Building a supportive system for the market” is the theme of the World Bank’s 24th Annual World Development Report (English version, September 2001, Chinese version, December 2002, China Financial and Economic Publishing House). The report reminds developing countries that originally had no institutional basis to use a full-blown, supplemental, or supporting system when applying mature formal systems or international conventions in the developed countries of the market economy. The space devoted specifically to the supportive system of the corporate governance structure; it is certain that both the capital market supervision authorities and the small and medium-sized investors who have suffered heavy losses in the stock market will be greatly inspired by this report of the World Bank.