Compare On The Securities Market Of Economic Transitional Countries

Since the end of 20^th, it has become an important international phenomenon for the former centralized planned economies to transit to market economies, leading to the world universal concern. Whether or not the transition can gain success has not only relation with the velocity and quality of the transitional economies, but also directly or indirectly affects the structure of the world. As China is the most important transition, it has very significant theory sense and practical value to research the experience and lessons of transitional economies.Nowadays, the financialization of a country and globalization of finance has become the main trend. Therefore, finance has increasingly become the core of the modern economy and has played crucial role in economic stability and growth in a country. Thus, as for transitional economies, whether the financial system is perfect or not will have direct relation with the success of transition. After the economic transition, open and develop securities market becomes the important content of financial system in economic transition. However, the researches on the economic transition now mainly focus on economic field, and the researches on the financial system, especially on the securities market are very limited. This obviously can't adapt the need of further transition.Taking the securities market of transitional economies as research object, this dissertation studies deeply and unveils the general law of the development of securities market in transitional economies and the their experiences and lessons by approach, to provide the useful suggestions for the future reform on securities market in China.