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随着全球经济的发展,过去十年来,国际证券市场突飞猛进,急速发展。在1984到1998的十五年间,国际资本市场融资累计额年平均增长12.34%,而全球GDP年平均增长3.37%,国际贸易额年平均增长6.34%。证券市场是国民经济的晴雨表,它一方面表明宏观经济走向决定股市,另一方面表明证券是宏观经济的先行指标,能够提前反映经济周期的变动。在社会主义市场经济条件下,有步骤地推进包括证券业在内的服务业的对外开放,促进国际服务贸易业的发展既是改善我国产业结构、促进经济均衡增长的重要举措。
With the development of the global economy, over the past decade, the international securities market has seen rapid growth and rapid growth. In the fifteen-year period from 1984 to 1998, the accumulated capital raising in international capital markets grew at an average rate of 12.34% annually, while the global average annual growth rate of GDP was 3.37%. The international trade volume grew at an average annual rate of 6.34%. The stock market is a barometer of the national economy. On the one hand, it shows that the macroeconomic trend determines the stock market. On the other hand, it shows that the securities are the leading indicator of the macroeconomy and can reflect the changes in the economic cycle in advance. Under the conditions of a socialist market economy, the opening up of the service sector including the securities industry in a step-by-step manner and the promotion of the development of international trade in services are not only important measures to improve our industrial structure and promote balanced economic growth.