中国证券市场的建设和发展作为我国经济体制改革的重要组成部分,为支持国家经济建设,促进企业股份制改造作出了突出贡献,取得了引人注目的积极成果。但由于一个时期以来人们对某些问题的认识障碍以及证券市场高速发展过程中出现的调整,市场发展速度放慢,市场建设没有明显突破,市场人气不足,日成交量有所萎缩,不少证券经营机构陷入困境。如何重振中国证券市场,进一步发挥证券市场的积极作用,是摆在证券界和理论界的重大课题。为此,国家教委委托华东师范大学国际金融系、国际金融研究所主办的“中国金融改革与发展高级 The construction and development of China’s securities market, as an important part of China’s economic reform, has made outstanding contributions to supporting the country’s economic construction and promoting the reform of the shareholding system of enterprises, and has achieved remarkable results. However, due to the people’s understanding of some problems and the adjustments that have taken place in the rapid development of the stock market since a period of time, the market has been slowed down. There has been no obvious breakthrough in market construction, the lack of market sentiment and the decline in the daily trading volume. Many securities Operating agencies in trouble. How to revitalize China’s securities market and further develop the positive role of the securities market is a major issue for the securities and theoretical circles. To this end, the State Education Commission commissioned the East China Normal University Department of International Finance, Institute of International Finance sponsored ”China’s financial reform and development of advanced