改革开放后中国居民的消费需求经历了几次升级换代,对比不同时期不同版本的“三大件”可以清晰地刻画出演变轨迹。政府、企业和投资者是主导或支持中国证券市场发展的三大类市场主体,他们对该市场有不同层面的需求,但其需求目前都在经历该市场创立以来最为全面的一次升级。从发展趋势看,需求升级虽然不会在中 After the reform and opening up, the consumption needs of Chinese residents have undergone several upgrades. Compared with the “three major pieces” of different versions in different periods, the evolution trajectory can be clearly depicted. Government, enterprises and investors are the three major market players that dominate or support the development of China’s securities market. They have different levels of demand for the market, but their needs are currently the most comprehensive upgrade since the market was founded. From the development trend, although the demand will not be upgraded