介入资本市场:高等学校融投资体制的一种尝试

中国高等教育在2003年进入大众化阶段之后,要实现进一步提升其核心竞争力、建设高水平大学的目标,面临的突出问题是:教育领域的非财政性筹资制度尚不健全,高等教育融投资制度或政策不能满足高等教育发展的需求。在此背景下,本文就高等教育介入资本市场的必要性和现实性,可行性与现状,资本市场的制度完善和高等教育介入资本市场的政策选择等方面进行了有益的探索,以期对重构中国公共高等教育制度和现代大学制度,建立新的高等教育融资渠道有所贡献。

Intervention of Capital Market: A Trial of Financing-Investment System of Colleges and Universities

In the wake of its entrance into a popular stage in 2003, and for the purposes of raising further its core competitive power and building high-level universities, Chinese higher education is confronted with the prominent issues that in the educational field the system of nonfinancial financing is not yet sound enough and that the system or policy of higher educational financing and investment can not satisfy the requirements of the higher education development. Against such background, the present article searches usefully into such aspects as the necessity and reality, the feasibility and status quo of the higher education's intervention of the capital market, the perfection of the capital market system,the policy choice for the intervention, etc. so that the author could do their bit towards the restructure of the Chinese public higher educational system, towards the system of modern universities, and towards the establishment of new financing channels for higher education.