多层次股票市场依交易规则的多层次而形成,股票交易规则主要是由经纪人制定的；在股市运行中,经纪人有着“客户中心”、风险防范、开发创新、维护股市活力和健康发展等功能；市场的核心功能是“交易”,股票经纪人作为一种基本的股市机制创造了股票的买卖双方,也创造了股市；中国应当确立以经纪人机制为主导新层次股市。 The multi-level stock market is formed according to the multi-level trading rules. The rules of stock trading are mainly set by the brokers. In the stock market, brokers have a “customer center”, risk prevention, development and innovation, the maintenance of stock market vitality and healthy development Function. The core function of the market is “trading.” Stockbrokers as a basic stock market mechanism create buyers and sellers of stocks and also create stock markets. China should establish a broker-oriented new-level stock market.