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据国家统计局发布的报告,改革开放以来,我国资本市场在完善信贷市场,发展股票市场和国债市场中不断发展壮大。对实行多年的“存款向上交,贷款找指标,没钱向上要”的信贷市场进行了不断改革,由最初的“统一计划、多级管理、存贷挂钩、差额包干”逐步走向按资产负债比例管理,取消贷款规模限额管理。为适应这一重大转变,除积极灵活运用利率工具外,还采取了一些新手段、新工具,如先后出台了再贷款、再贴现、准备金率、公开市场业务等,规范和加强了对信贷市场的管理和调控。股票市场从无到有,从内到外,逐步发展为以上海证券交易所和深圳证券交易所为标志的、规模庞大的证券市场。同时,国债市场、银行业同业拆借市场也得到较快发展。
According to the report released by the National Bureau of Statistics, since the reform and opening up, China’s capital market continued to grow and develop in the fields of improving the credit market, developing the stock market and the bond market. From the initial “unification plan, multi-level management, deposit-loan-linked and balance-of-payments” to the credit market that has been implemented for many years, Management, cancel the loan size limit management. In order to adapt to this major change, in addition to the active and flexible application of interest rate instruments, new means and new tools have been introduced, such as the reloans, rediscounts, reserve ratio and open market operations, which have standardized and strengthened the reform of credit facilities Market management and regulation. From scratch, from the inside to the outside, the stock market gradually developed into a large-scale securities market marked by Shanghai Stock Exchange and Shenzhen Stock Exchange. At the same time, the bond market and the interbank borrowing market have also witnessed a rapid development.