开放式基金对我国证券市场的效应分析

在现代金融市场中,开放式基金已经成为其主流,表现出组合投资、分散风险、专业管理、专家理财、间接投资、流动性好等特征。开放式基金自90年代初期推出至今,它对我国经济社会的各方面产生了积极效应,尤其是对我国证券市场产生了明显的效应,表现在通过开放式基金,建立了资本市场与货币市场的联接,优化了资本市场的投资主体结构,延长了股市的波动周期并增大了市场弹性,形成了着眼于长远利益的理性投资理念等。当然,开放式基金在我国尚处于发展的初级阶段,在社会运作方面还存在许多不足之处,因此我国开放式基金的社会运作有待进一步的完善。

An Analysis of the Effect of Open-ended Fund on China's Securities Business

Open-ended fund has become the mainstream of today's money market, demonstrating features such as combination of investment, diversion of risk, professional management, indirect investment, and good fluidity. Since it was introduced in the 1990s, it has exerted a positive effect on the various aspects of China's national economy, especially on the development of China's money business, which finds expression in the facts that open-ended fund establishes the linkage between the capital market and money market, optimizes the structure of the investment subject of the capital market, extends the fluctuation cycle of the stock market and strengthens the elasticity of the market and helps to shape the idea of rational investment oriented to the long-termed interest. Undeniably, the open-ended fund, in China, is still in its infancy. There are still some deficiencies in terms of its operation in society, so it still needs further improvement.