中国经济亮点不断,GDP 屡创新高,而作为经济“晴雨表”的中国股市却背道而驰、屡创新低,低迷不堪的市场不但套牢了千千万万的投资者,同时也拖累了中国经济的步伐,打破了“晴雨表”的市场自然规律。这让管理层极为尴尬,因而谋求改革之最佳路径是必然选择。认真反思中国证券市场体制改革的每一步,会不难发现其痛定思变其实是一场被动的、迫不得已的改革。迫不得已的股市改革在“十五”之前,中国证券市场是一个彻彻底底的政策市,每次行情的背后都有政策保驾护航的踪影,在这个期间,股市上上下下都处于一个“自我感觉良好”的状态。沾沾自喜曾为国有企业解困和中 China’s economic bright spot continues to rise, its GDP has hit record highs, and the Chinese stock market, which is an economic “barometer,” runs counter to the new record low. The depressed market not only stuck to tens of millions of investors, but also dragged down China’s economy The pace of breaking the “barometer ” market natural law. This makes management extremely awkward, so the best path to reform is an inevitable choice. To seriously reflect on every step of the reform of China’s securities market system, we can easily find out that its change of thinking is actually a passive and necessary reform. The last resort of the stock market reform Before the “Fifteen”, the Chinese stock market is a thoroughly policy market, behind every market has a policy of escort, during this period, the stock market up and down in a “Feel good about yourself” state. Smug comforts and difficulties for state-owned enterprises