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| Author: | Cheng, Junzhe |
| Title: | Analysis of decentralizing and dissolving functions of stock market and its restrict elements (original in Chinese) |
| Journal: | Commercial Economy and Management (c)
1999 : 1, p.26-27 |
| Index terms: | STOCK MARKETS FINANCIAL RISK RISK MANAGEMENT CHINA |
| Language: | chn |
| Abstract: | The author thinks that China's stock market should project its decentralizing and dissolving functions, which is called "risk decentralizing and dissolving function". The stock market can set a rational price for risk is the basis of possessing the risk decentralizing and dissolving functions. There are mainly three elements restricting the stock market's risk decentralizing and dissolve function: 1. Non-marketization of the system of interest rate 2.lagging and non-marketization of the development of stock market. 3. Structural imbalance of stock market. |
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