21世纪的第一个年头刚刚开始,中国证券界便展开了一场较为激烈的辩论。著名经济学家吴敬琏先生在多次直言须规范中国股市之后,由于股指的连续下跌而引起了许多“庄家”、 “股民”、甚至一些经济学家的微词。如果说2001年初中国股指的下跌与吴先生的“直言”有必然的联系,未免有点太牵强,但这场争论本身却有着不可忽视的重要意义。这不仅是因为加入这场争论的有许多中国重量级的 The first year of the 21st century has just begun. The Chinese securities industry has embarked on a more fierce debate. Mr. Wu Jinglian, a well-known economist, has caused many “economists”, “shareholders” and even some economists’ criticisms as a result of repeated bluntness of the need to regulate China’s stock market. If there is a necessary connection between the decline of China’s stock index and Mr. Wu’s “blunt ” in early 2001, it is a bit too far-fetched. However, the debate itself has important significance that can not be ignored. This is not only because there are many Chinese heavyweights joining this debate