从改革开放和市场经济体制的长远目标看,我国货币政策传导渠道应以利率和资产价格为主,股票市场逐渐成为货币政策传导的重要渠道。但受制于某些制度性缺陷的影响,我国股票市场传导货币政策的功能没有完全释放出来。从中长期来看,我们要加快各项改革的步伐,为股票市场最终成为传导货币政策的主要渠道创造宽松的环境。 From the long-term goal of reform and opening up and the market economy system, China’s monetary policy transmission channels should be dominated by interest rates and asset prices, and the stock market has gradually become an important channel for monetary policy transmission. However, subject to the influence of some institutional defects, the function of monetary policy in China’s stock market is not completely released. In the medium to longer term, we will speed up the reform and create a relaxed environment for the stock market to eventually become the main channel for conducting monetary policy.