摘要
禁止信用交易的股市必然有强烈的过度投机倾向 ,它是我国股市长期以来稳定性差 ,政府必须经常干预 ,难以摆脱过热过冷循环等问题的根本原因。系统科学及分形资本市场的理论研究表明 ,引进信用交易制度是实现股市稳定发展的基础。应禁止媒体对股市产生强烈导向作用 ,严厉打击操纵股市的行为 ,积极稳妥地推进股市扩容等 ,是促进股市稳定发展的重要技术手段。
Using the ideology and qualitative analysis methodology of system science and fractals capital market, this paper analyses the mechanism and the role of margin transaction in the stability of the share market price movement. It shows that the share market, which bans margin transaction must have the strong trend towards over speculation, and this is the cause of its instability, frequent government interference and inevitable cycles of booming and depression of China's share market. The writer of this paper holds that the introduction of margin transaction system into share market is the basis of stability. Banning the media from exerting strong influence on the market, cracking down on behaviors of manipulating market, and actively and carefully promoting the enlargement of market scale are important techniques for the stable development of the share market.
出处
《复旦学报（社会科学版）》
CSSCI
北大核心
2002年第1期18-24,共7页
Fudan Journal（Social Sciences）
关键词
证券信用交易
股市价劳动
复杂系统
投机交易行为
margin transaction in stock exchange
share market movement
complicated system
speculative trade
