一、我国资本市场的发展趋势从资本市场运行格局来看，经过20年的发展，中国股市将面临重大的结构调整，运行格局也将发生显著变化。这主要是：(1)以中国特色为内容的股市发展道路即将结束，中国股市将迎来与国际惯例全面接轨的时代；(2)靠政策调整来推动股市发展的时代即将结 First, the development trend of China’s capital market From the capital market operation pattern, after 20 years of development, the Chinese stock market will face major structural adjustments, the operating pattern will change significantly. This is mainly: (1) the stock market with Chinese characteristics is about to come to an end and China’s stock market will usher in an era full of international practices; (2) the era of policy adjustment to promote the development of the stock market is about to end