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经过二十年的飞速发展,中国资本市场发生了深刻的变化,先后构建了主板,中小板,创业板,产权交易市场等多种交易平台,股市在资源配置,价格发现等方面的功能得到了更有效的发挥。尤其是2005年5月股份制改革之后,一系列长期困扰资本市场发展的体制性障碍被逐渐破除,中国股市进入了全流通时代。
After 20 years of rapid development, profound changes have taken place in China’s capital market. A variety of trading platforms such as the main board, small and medium-sized boards, the GEM and the property rights trading market have been constructed successively. The stock market has obtained the functions of resource allocation and price discovery Play more effectively. Especially after the joint-stock system reform in May 2005, a series of institutional obstacles that long plagued the development of the capital market were gradually eliminated and the Chinese stock market entered a period of full circulation.