我国证券市场投机行为研究宋永明１９９０年底，上海证券交易所宣告成立，它标志着我国证券市场开始运营。经过６年的发展，我国证券市场已具雏形。它在一定程度上发挥了扩大融资渠道、优化资源配置和实现国家对经济的间接调控等多方面的功能，为深化金融体制改革、转换企... Research on speculation in China’s securities market By Song Yongming The end of 1990, the Shanghai Stock Exchange was proclaimed, marking the beginning of the operation of China’s securities market. After six years of development, China’s stock market has taken shape. To a certain extent, it has played a wide range of functions such as expanding financing channels, optimizing resource allocation and realizing the state’s indirect regulation of the economy. In order to deepen the reform of the financial system and transform enterprises,