政府调节股市的首要动机是调节经济。由于股市的运行状况对政府宏观经济政策的四大目标都能产生影响,政府可以通过调节股市而一定程度地影响整个国民经济的运行。政府对经济的调节一般表现为反周期操作,经济周期是不可避免的,政府通过反周期操作可以减少经济运行中的大起大落,使国民经济处于相对平稳的状态。当经济过热时,政府通过对股票市场的适当打压,挤出股市泡沫,可以降低人们对经济前景的预期,从而起到给经济降温,抑制通货膨胀的作 The primary motivation for the government to regulate the stock market is to regulate the economy. Since the stock market's performance can have an impact on the four major objectives of the government's macroeconomic policy, the government can affect the operation of the entire national economy to a certain extent by adjusting the stock market. Government regulation of the economy is generally reflected in the counter-cyclical operation, the economic cycle is inevitable, the government through counter-cyclical operations can reduce the ups and downs in economic operation, so that the national economy in a relatively stable state. When the economy becomes overheated, the government squeezes out the stock market bubble by appropriate suppression of the stock market, which can reduce people's expectations of the economic prospects and thus serve to cool down the economy and curb inflation