产权对资本市场功能深化的系统性约束反映在:1.直接障碍:不完全的基础产权制度。(1)基础产权的歧视性。在借贷市场中,长期以来国家严禁私人资本进入金融业,以保持国家对金融业的垄断和控制,这样国家就可以利用对国有金融机构的控制将资金导向国有企业。在股票市场中,我国股票市 The systematic restraint of property rights on the deepening of capital markets is reflected in: 1. Direct Obstacles: Incomplete Infrastructure Systems. (1) Discrimination of basic property rights. In the lending market, the country has for a long time prohibited private capital from entering the financial industry so as to maintain the country’s monopoly and control over the financial industry so that the state can utilize its control over state-owned financial institutions to direct funds to state-owned enterprises. In the stock market, our stock market