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货币市场与资本市场的协调发展取决于中性货币的实现。在现代市场经济条件下 ,宏观金融调控的焦点是作为财政信用与银行信用联结点的国债市场 ,即只能由此得到中性货币的基准利率 ,在我国转型期特定状态下国债市场的完善需依靠股票市场的短线扩张来完成 ,稳妥实施这种扩张将有助于解决改革的中心环节———国有企业问题 ,并由此实现我国商业银行体制改革的成功。
The coordinated development of the money market and the capital market depends on the realization of the neutral currency. Under the condition of modern market economy, the focus of macroeconomic regulation and control is the bond market as the link between fiscal credit and bank credit, that is, the benchmark interest rate of neutral currency can only be obtained from this. In the specific state of China's transition, the improvement of the bond market needs To rely on the short-term expansion of the stock market to complete the steady expansion of this will help solve the central part of the reform --- the issue of state-owned enterprises, and thus the success of China's commercial bank system reform.