我国的证券市场尚处于“初级阶段” ,而且不可能在短期内发展成为发达资本主义国家那样的高度自由化的市场 ,因此 ,硬搬哪一国的模式都是不恰当的。许多国家结合自身情况所采取的做法 ,所制定的政策、法规等等 ,其经验与教训完全可供我们借鉴。一、关于管理模式与管理机构今日 China’s securities market is still in an “initial stage” and it can not possibly develop into a highly liberal market like the developed capitalist countries in a short period of time. Therefore, it is not appropriate to move any country hard. The experience and lessons learned by many countries in adopting their own policies, laws and regulations in accordance with their own circumstances are fully available to us for reference. First, on the management model and management agencies today