当今世界经济已日益呈现出生产国际化和资本国际化的特征,利用外资来促进国家经济建设已成为一种主要手段。一般来讲,筹集外资主要有三条渠道:一是吸引外商直接投资;二是寻求国际金融机构贷款;三是利用国际证券市场发行有价证券。目前,我国利用外资主要来源于前两条渠道,利用第三条渠道筹集外资尚处于起步阶段。正确认识并积极利用证券市场筹集外资,对拓宽我国利用外资的渠道,加速经济发展有着极其重要的意义。一、证券投资的国际化趋势随着国际贸易的迅猛发展,世界经济正在 Nowadays the world economy has increasingly shown the characteristics of internationalization of production and internationalization of capital. It has become a major measure to use foreign capital to promote national economic construction. Generally speaking, there are three main channels for raising foreign capital: one is to attract foreign direct investment; the other is to seek loans from international financial institutions; and the other is to issue securities through the international securities market. At present, the main sources of China’s use of foreign capital come from the first two channels, the use of the third channel to raise foreign capital is still in its infancy. To correctly understand and actively use the securities market to raise foreign capital has the extremely important significance to broaden the channels for our country to utilize foreign capital and accelerate economic development. First, the international trend of securities investment With the rapid development of international trade, the world economy is