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英国中产阶级自19世纪中期以来越来越多地参与到证券投资活动之中,资本市场呈现出所谓“民主化”的倾向,具体表现为交易人数增加,中小投资者所占比重上升,与此同时,在中产阶级的财产构成中,有价证券开始成为最主要的组成部分。中产阶级参与证券投资首先得益于金融市场的发展与完善,一系列制度改革有效降低了投资风险。另一方面,英国经济、社会环境本身的变化构成了孕育中产阶级证券投资兴起的土壤。证券投资活动影响了中产阶级对财富、金融活动以及国内外关系的看法,随着伦敦资本市场上外国证券发行量的增长,中产阶级投资者不仅享受着本国经济发展的红利,也分享了世界经济发展的红利。
Since the mid-19th century, the British middle class has been participating more and more in securities investment activities. The capital market has shown a tendency of “democratization.” The concrete manifestation is that the number of traders has increased, the proportion of small and medium-sized investors has risen, At the same time, in the composition of the property of the middle class, the portfolio of securities began to become the most important component. Middle-class participation in securities investment is mainly due to the development and improvement of financial markets. A series of institutional reforms have effectively reduced the investment risk. On the other hand, the changes in the economic and social environment in the UK constitute the soil for the rise of middle-class securities investment. The securities investment activities have affected the middle class’s perceptions of wealth, financial activities and relations at home and abroad. With the increase in the circulation of foreign securities in the capital markets of London, middle-class investors not only enjoy the dividends of their national economic development but also share the world economy Development bonus.