股票市场正常经济功能的异化与扭曲，与股票市场上供求的失衡格局是相互作用、相互强化的。在过分注重筹资功能、忽视其他经济功能的制度条件下，中国的股票市场运行显示出相当强烈的非均衡特征，总量上的失衡导致了股市的剧烈波动，进而又直接影响到股市经济功能的正常发挥。 The alienation and distortion of the normal economic functions in the stock market interact and reinforce each other with the imbalance between supply and demand in the stock market. Under the system of paying too much attention to the financing function and neglecting other economic functions, the stock market of China shows quite strong unbalanced features. The imbalance of the total amount leads to the violent fluctuation of the stock market, which in turn directly affects the economic functions of the stock market Play normally.