本文關(guān)鍵詞：融資融券在我國證券市場的發(fā)展現(xiàn)狀及問題探討　出處：《首都經(jīng)濟貿(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 做空機制

【摘要】：滬深股市自1990年成立以來，雖然只有短短的23年的歷程，，但是我國的證券市場卻經(jīng)歷了翻天覆地的變化：投資品種越來越多，投資規(guī)模越來越大，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相比，做空機制的缺乏仍然是我國證券市場的致命傷，所以融資融券的推出對于我國的證券市場來說是必然要走的道路，它不僅增加了股市的流動性，滿足了投資者多樣化的投資需求，同時可以使投資者的資金進行最大效率的應(yīng)用，改變了我國多年以來的“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的互相制約與影響。同時與一些比較成熟的海外證券市場進行了對比分析，總結(jié)出國際上三大信用賬戶的授信模式，即我國臺灣市場的混合授信模式；日本市場的集中授信模式；美國市場的分散授信模式，經(jīng)過以上三種模式的比較，研究出一種相對適合我國市場發(fā)展的融資融券授信模式，同時，提出了我國應(yīng)該組建證券金融公司，來實現(xiàn)資金和證券的轉(zhuǎn)融通的建議；進一步對當(dāng)今我國證券市場融資融券制度現(xiàn)狀問題進行了深入的分析研究，提出完善我國證券市場引入融資融券交易制度的策略；最后，對我國現(xiàn)行的融資融券發(fā)展情況進行了展望，并提出了一些基本的建議和對策。
[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)濟貿(mào)易大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2014
【分類號】：F832.51

【引證文獻】

相關(guān)碩士學(xué)位論文 前1條

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

本文編號：1389569