| This thesis mainly discusses about how to develop securities market and then to improve Saving-Investment transforming efficiency in China. By means of introducing the low efficiency of S-I transformation existing in China, we analyses the obstruction of the mechanism of S-I transformation. In the analysis and the strategy of the obstruction, by means of analyzing the large-proportion indirect financing and all the factors to the low-efficiency of the indirect financing, we conclude that today's single S-I transforming channel which mainly made up of indirect financing is no longer satisfies the requirement of economy development and being the bottle-neck to restrict it. In the following policy mentioned, we emphasize the important function of the development and promotion of securities market to improve transforming efficiency and increasing transforming channels. Most of this thesis specifically prove how securities market efficiently push forward S-I transformation and, from a new point of view, introduce comprehensively the function of securities market putting forward that the development of securities market is necessary to improve the efficiency of S-I transformation. We made the quantitative analysis of the affection between securities market and savings. The next section generallyanalyses the deficiency of our securities market in existing stage and give out three kinds of disadvantages: constructive disadvantage, systematic disadvantage, functional disadvantage. And emphatically analyze them. In the last chapter, according to bow to perfect our securities market, we put forward three essential core-problems. Moreover, we comprehensively analyze and prove these three problems believing that the absolutions of these problems are necessary, feasible and pressing. We can guarantee our securities market grows up healthily only after we solve these three basics problems. As a conclusion, point out that we must slough off the principle of the planned economy and according to the rules of market economy, reforming so-called "characteristics" , only to do so, can we say we are developing our securities market. |
