中国社科院经济所唐宗焜撰文指出,目前我国的资本市场只能说是不完全资本市场。所谓不完全资本市场,就是有行政机制进入或侵入的资本市场。不完全资本市场存在的事实意味着,一方面,资本市场在我国已形成并逐渐成长,市场配置资源的机制在逐渐形成;另一方面,资本市场还受着计划经济固有的对资源的行政控制与配置方式的扼制,资源配置的行政机制尚未基本让位于市场机制。由于前者,我们现在已有可能利用 Chinese Academy of Social Sciences Tang Zong-yu economy pointed out that at present our country’s capital market can only be said to be incomplete capital markets. The so-called incomplete capital market is the capital market in which the administrative mechanism enters or invades. The fact that the incomplete capital market exists means that on the one hand, the capital market has been formed and gradually developed in our country, and the mechanism for allocating resources in the market is gradually forming. On the other hand, the capital market is also subject to the inherent administrative control over resources in the planned economy With the configuration of the control, the allocation of resources, the administrative mechanism has not basically let the market mechanism. Because of the former, we are now possible to use