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一、中国证券市场发展的基本特征 (一)中国证券市场发展状况 中国证券市场的发展特性。首先是市场交易的日趋活跃。统计数据显示,1999年银行间拆借市场和债券市场的成交量大幅增长,1999年第3季度同业拆借市场总计成交2992.39亿元,其中,信用拆借成交1536.54亿元,日均成交23.28亿元,较1998年同期增加4.56倍;回购交易成交1453.55亿元,日均成交22.02亿元,较1998年同期增加近7倍。
First, the basic characteristics of the development of China’s securities market (A) the development of China’s securities market China’s securities market development characteristics. The first is the increasingly active market transactions. Statistics show that the trading volume in the inter-bank borrowing market and the bond market increased sharply in 1999. In the third quarter of 1999, the inter-bank borrowing market totaled 299.239 billion yuan, of which credit-lending transactions amounted to 153.654 billion yuan and the average daily turnover was 2.38 billion yuan, An increase of 4.56 times over the same period of 1998. The repo transaction volume reached 145.355 billion yuan, with an average daily turnover of 2.202 billion yuan, an increase of nearly 7 times over the same period of 1998.