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深圳股市创建时间短,与发达股市相比,极显稚嫩.根据笔者对深圳股市探研的结果,深圳股市在以下几方面有待完善和发展.一、资金供应结构不合理,机构投资少在股市资金供应结构方面,与先进股市相比,深圳股市存在着极不合理的现象.(1)目前深圳股票二级市场的资金主要来自个人;(2)银行资金不能直接用于股票投资;(3)本应作为股票市场主要资金力量的各种基金在深圳市场只有8家,可操作资金不足30亿人民币,况且这部分资金主要投向不在股市,实际投入股市的基金作最大胆的估算不会超过5亿元人民币,与1500亿元人民币的深股市值(以1994年9月15日收市价计算)相比,显得微不足道.而在英国,基金投资占股市资金
Shenzhen stock market created a short time, compared with the developed stock market, extremely immature.According to the author of the Shenzhen stock market research results, the Shenzhen stock market in the following aspects need to be perfected and developed.First, the funding structure is irrational, less institutional investment in the stock market Compared with the advanced stock market, the stock market in Shenzhen has a very unreasonable phenomenon in terms of funding structure: (1) At present, funds in the secondary market of Shenzhen stock market are mainly from individuals; (2) bank funds can not be used directly for stock investment; (3) ) The funds that should have been the major funding force in the stock market are only 8 in Shenzhen and have less than 3 billion yuan of operational funds. Moreover, most of these funds are mainly invested in the stock markets. The most audacious estimates of funds actually invested in the stock market will not exceed 500 million yuan, compared with the deep market value of 150 billion yuan (based on the closing price of September 15, 1994), which is negligible. In the United Kingdom, the fund investment accounts for the capital stock