令出多门、缺乏统一意志和指导方针的资本市场,其多层次结构发展迟缓也就见怪不怪了党的十六届三中全会提出建立和发展多层次资本市场体系,实际上是对发达国家资本市场体制的某种借鉴。但现实是,有关多层次资本市场的政策和法律法规却姗姗来迟,发展迟缓。笔者认为,造成目前这种局面主要有两方面原因。 In order to make a multi-door, lack of a unified will and guidelines for the capital market, the multi-level structure of the slow development will not be surprised that the Third Plenary Session of the CPC proposed the establishment and development of multi-level capital market system, in fact, developed Some Reference to the System of National Capital Market. But the reality is that the policies and laws and regulations on the multi-level capital market are slow and slow to develop. In my opinion, there are mainly two reasons for the current situation.