美国次贷危机演变为系统性的全球金融危机后,各国政府纷纷出台缓解经济衰退的措施。面对国际金融危机,不少人士开始审视这场危机背后的原因,重新规划我国资本市场创新发展的路径。笔者认为,次贷危机爆发的原因中最重要的一点就是金融创新过度,金 After the subprime mortgage crisis in the United States evolved into a systemic global financial crisis, governments of all countries have introduced measures to ease the economic downturn. Facing the international financial crisis, many people began to examine the reasons behind the crisis and re-plan the path of innovation and development in China’s capital market. In my opinion, the most important point in the reason of the subprime mortgage crisis is that excessive financial innovation, gold