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先看产杈市场的风采。3号令颁布3年来,中国产权市场获得了重大发展。这种新发展不仅表现在交易数量的巨大增长上,更体现在市场运行机制与业务模式的创新上。竞合关系促进发展、行业协会呼之欲出、股权交易取得突破、产权市场走出国门。从1991年到2004年,中国股市融资总额为11660亿,平均每年融资897亿元。而在产权市场,2005年仅沪、津、京三地产权交易机构,就为中央和地方国有企业筹集改革和发展资金1080亿元。时至今日,谁能否认产权市场为中国多层次资本市场的建设所做出的重大贡献?
First look at twigs market style. In the three years since the promulgation of Decree No. 3, China’s property market has made significant progress. This new development is not only reflected in the huge increase in the number of transactions, but also in the innovation of the market operation mechanism and business model. Competition and cooperation to promote development, industry associations almost certain, a breakthrough in equity trading, property market out of the country. From 1991 to 2004, China’s total stock market financing was 1.166 trillion yuan, with an average of 89.7 billion yuan raised annually. In the property rights market, only the property rights exchange agencies in Shanghai, Tianjin and Beijing in 2005 raised 108 billion yuan of funds for reform and development for the central and local state-owned enterprises. To date, who can deny that the property market has made a significant contribution to the construction of China’s multi-level capital market?