Research On The Impact Of Foreign Capital On China's Securities Market

After the beginning of financial liberalization,the main problems faced by countries in the financial field are the positive impact of foreign capital on their securities market and exchange rate market.While the host country uses foreign capital to solve the domestic construction fund gap,promote the upgrading of domestic technology,management and market status,and promote the development of domestic financial market,it also faces many challenges.The stock market and exchange rate are subject to external factors.With the increase of risk,it is more difficult to manage the securities market and foreign exchange market.China has become one of the major destinations of international capital due to the influence of industrial transfer and demographic dividend.In the past 40 years since China's opening up to the outside world,the total amount of foreign capital used by China has exceeded 2 trillion US dollars,reaching 2145.9 billion US dollars.Although the proportion of foreign capital actually used in China's total fixed assets investment has been declining since 1994.At present,the amount of foreign capital actually used in China only accounts for about 1% of the total fixed assets investment in the whole year,but the impact of foreign capital on China's economy is very great.The total import and export commodities of foreign-funded enterprises have accounted for 4% of the total value of import and export commodities in the whole country.About 0%.Although the amount of foreign investment in China's securities market is far less than its investment in fixed assets,with the constant adjustment of China's economic structure and changes in the form of foreign investment,securities investment is becoming and will gradually become the focus of foreign investment.After years of development,China's securities market has been open to foreign investment in varying degrees,which has promoted foreign investment in China's securities market.The impact of foreign investment on China's securities market is gradually expanding.The background and significance of this study lies in the analysis and discussion of the impact of foreign investment on China's securities market.At present,China's total economic output is second only to that of the United States,and according to the current momentum of development,China will surpass the United States and become the world's largest economy in the next ten years.China is not only an important source of power output for the continued development of the world economy,but also an important organizer of world industrial production.China's status as a world factory will be further consolidated.How to use foreign capital has become an urgent issue to be redefined in the domestic market.In view of the experience and lessons learned from other countries in the world in the process of securities market opening,China has always maintained a scientific,rigorous and pragmatic attitude in the field of securities market opening.China has begun to gradually lift various restrictions on foreign investment,reflecting the growing comprehensive national strength of China.Confidence,at the same time,the various improvement measures taken by China in the securities market also fully reflect the urgent need for internationalization of China's securities market.Starting with the theory of international capital flow,this paper expounds and summarizes various theories of international capital flow produced in different historical periods,and introduces the process of capital opening and securities market internationalization in Britain,the United States,Japan,South Korea,Thailand and other countries,with this as a foreshadowing.In the following chapters,it gradually analyses the foreign capital's effect on A-shares in China through securities market.The impact of stock price,the development of listed companies,residents' income and the overall financial security of the country is summarized.It is concluded that we should make full use of the financing function of the securities market,give full play to the capacity advantages of our existing industrial system,promote the optimization and upgrading of the governance structure of our industrial enterprises,and enhance the ability to allocate resources in the global market.Through financial means to promote domestic enterprises to adopt effective measures and methods to maintain manufacturing advantages,promote global industrialization to continue to develop,provide industrial production services for broader markets,and make finance better service for real enterprises.