Research on the Evolution of Stock Market Functions and Economic Structure Adjustment

Author: Wang Lanjun
Publisher:
Publish Date: 2003-06-01
Features: The Evolution of Stock Market Functions and Economic Structural Adjustment Research is written by Wang Lanjun, Ph.D. and associate professor from the Economic Bureau of the Policy Research Office of the CPC Central Committee, and a special researcher of the Chinese Academy of Management Sciences. The book analyzes and studies the objective laws of the evolution of China's stock market functions, proposing countermeasures to promote the strategic adjustment of China's economic structure. This enriches and develops China's stock market and securities investment theory. On one hand, it provides a theoretical basis and decision-making reference for the macroeconomic management work of the Party Central Committee and the State Council; on the other hand, it offers guidance for the securities investment practice of the vast number of Chinese stock investors. The main features of the book are: First, it has a high theoretical level, designing and demonstrating a theoretical reasoning model of the institutional change and functional evolution of China's stock market. Second, it employs new research methods, using the basic principles and analytical methods of new institutional economics, which is a first in China. Third, it first proposes and demonstrates the general laws of the evolution of China's stock market functions. Fourth, it combines theory with practice, proposing specific institutional innovations of the stock market to promote the optimization and adjustment of China's industrial structure. The book is divided into nine chapters, with the main content including: Stock Market Functions—Foreign Research Status and Domestic Debates; A New Institutional Economics Framework for Stock Market Function Research; A Model of Institutional Change and Functional Evolution of China's Stock Market; Theoretical Research on China's Stock Market Functions; Empirical Analysis of Institutional Change and Functional Evolution of China's Stock Market; Key Analysis of the Evolution of Stock Market Functions and Strategic Adjustment of the Economic Structure; Institutional Innovations of the Stock Market to Promote the Optimization and Adjustment of the Industrial Structure, comprising nine major parts. The book can be used as a research tool for theoretical studies by researchers, as well as a teaching material for universities and colleges.