从证券市场开放面临的政治经济环境、开放方式、开放程度和是否带来危机等四个方面对金砖四国进行了对比分析和评述,以期为尚未完全开放证券市场的新兴经济体国家,特别是中国提供可参考的经验和教训。 The author makes a contrastive analysis and comment on the BRIC countries from four aspects: the political and economic environment, the open way, the open degree and the crisis caused by the opening up of the stock market, with a view to providing a platform for the emerging economies that have not yet fully opened up the securities market, especially China can provide reference experiences and lessons learned.