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由於非流通股的存在，目前的总市值反映的市场规模实际上存在相当大的股权结构泡沫，股票价格的人为操纵或盲目投机也造成目前的流通市值有相当大的投机泡沫。中国证券市场发展体现的形式就是在扩大股票总市值的同时，逐步提高流通市值在总市值中的比重，尽量减少各种泡沫带来
Due to the existence of non-tradable shares, the current market capitalization reflects the fact that there is actually a considerable size of the market in the stock market. Man-made or blind speculation in stock prices has also caused considerable speculative bubbles in the current market capitalization. The development of China’s securities market reflects the form of expanding the total market value of stocks at the same time, gradually increase the market value of the proportion of the total market capitalization, minimize the various bubbles brought