本文關(guān)鍵詞：融資融券在我國(guó)證券市場(chǎng)的發(fā)展現(xiàn)狀及問題探討　出處：《首都經(jīng)濟(jì)貿(mào)易大學(xué)》2014年碩士論文　論文類型：學(xué)位論文

  更多相關(guān)文章： 融資融券 股票交易 轉(zhuǎn)融通 做空機(jī)制

【摘要】：滬深股市自1990年成立以來(lái)，雖然只有短短的23年的歷程，，但是我國(guó)的證券市場(chǎng)卻經(jīng)歷了翻天覆地的變化：投資品種越來(lái)越多，投資規(guī)模越來(lái)越大，制度建設(shè)不斷完善，法律體系不斷規(guī)范。但是與海外成熟的證券市場(chǎng)相比，做空機(jī)制的缺乏仍然是我國(guó)證券市場(chǎng)的致命傷，所以融資融券的推出對(duì)于我國(guó)的證券市場(chǎng)來(lái)說是必然要走的道路，它不僅增加了股市的流動(dòng)性，滿足了投資者多樣化的投資需求，同時(shí)可以使投資者的資金進(jìn)行最大效率的應(yīng)用，改變了我國(guó)多年以來(lái)的“單邊市”的格局。 本文從融資融券交易的概念入手，首先研究了融資融券自身的特征，然后分析其與證券市場(chǎng)的互相制約與影響。同時(shí)與一些比較成熟的海外證券市場(chǎng)進(jìn)行了對(duì)比分析，總結(jié)出國(guó)際上三大信用賬戶的授信模式，即我國(guó)臺(tái)灣市場(chǎng)的混合授信模式；日本市場(chǎng)的集中授信模式；美國(guó)市場(chǎng)的分散授信模式，經(jīng)過以上三種模式的比較，研究出一種相對(duì)適合我國(guó)市場(chǎng)發(fā)展的融資融券授信模式，同時(shí)，提出了我國(guó)應(yīng)該組建證券金融公司，來(lái)實(shí)現(xiàn)資金和證券的轉(zhuǎn)融通的建議；進(jìn)一步對(duì)當(dāng)今我國(guó)證券市場(chǎng)融資融券制度現(xiàn)狀問題進(jìn)行了深入的分析研究，提出完善我國(guó)證券市場(chǎng)引入融資融券交易制度的策略；最后，對(duì)我國(guó)現(xiàn)行的融資融券發(fā)展情況進(jìn)行了展望，并提出了一些基本的建議和對(duì)策。
[Abstract]:Shanghai and Shenzhen stock market since its inception in 1990, although only a short period of 23 years, but China's securities market has experienced changes in turn the world upside down: investment more and more varieties, the scale of investment is more and more big, the continuous improvement of the system, the legal system and norms. But compared with the overseas mature stock market, the lack of short mechanism still the securities market of our country is fatal, so the introduction of margin transaction is the inevitable way to go for China's securities market, it not only increases the liquidity of the stock market, to meet the diverse investment needs of investors, investors can make money at the same time, the application of maximum efficiency, changed our country over the years "unilateralism" pattern.
This article from the concept of margin trading with the characteristics, firstly studies the margin itself, and then analyze the mutual influence and restriction and the securities market. At the same time compared with some mature foreign securities market, summed up the three major international credit account credit model, mixed credit model in China market in Taiwan the Japanese market; credit model; decentralized credit model of the U.S. market, after comparing the above three models, developed a relatively suitable for China's market development margin credit mode, at the same time, put forward our country should set up a securities finance company, to achieve the funds and securities refinancing proposal further; the financial system of China's securities market situation in-depth analysis and research, put forward to perfect our securities market introduction of margin trading system. In the end, the current development of financing margin in China is prospected, and some basic suggestions and countermeasures are put forward.

【學(xué)位授予單位】：首都經(jīng)濟(jì)貿(mào)易大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2014
【分類號(hào)】：F832.51

【引證文獻(xiàn)】

相關(guān)碩士學(xué)位論文 前1條

1 張釗銥;中國(guó)融資融券交易對(duì)股票定價(jià)效率影響的研究[D];北京交通大學(xué);2015年

本文編號(hào)：1389569