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一、后股权分置时代的资本市场资本市场最基本的功能是根据资产价格高效合理的配置金融资源。价格合理是资本市场功能的充分发挥的前提,合理价格的产生于有效资本市场。资本市场的有效性强弱是指资产的市场价格反映所有有关、可用信息的充分程度。后股权分置时代资本市场的重要组成部分——股市,其有效性显著提高的原因有两方面。
First, the post-split share capital era of the capital market The most basic function of the capital market is based on asset prices efficient and reasonable allocation of financial resources. Reasonable price is the premise of giving full play to the function of capital market, and the reasonable price comes from the effective capital market. The effectiveness of capital markets is the strength of the market price of assets reflects the full extent of all relevant and available information. After the split share structure era capital market an important part - the stock market, the effectiveness of significant increase in two ways.