加入WTO将对我国证券业的运行机制、监管模式和市场组织结构产生重要的影响。片面夸大本地化优势和片面理解逐步自由化是两个具有相当大危害的认识误区，应该加以澄清。 Joining the WTO will have an important influence on the operation mechanism, regulatory mode and market organization structure of the securities industry in our country. One-sided exaggeration of local advantages and one-sided understanding of gradual liberalization are two rather erroneous misunderstandings that should be clarified.