[1]孙建华.抗战爆发后华商证券交易所沦为政策市的原因及影响[J].金融教育研究,2015,(01):20-25.
　SUN Jianhua.The Causes and Impacts of Chinese Stock Exchanges Change into the Market Dominated by Policies after the Outbreak of Anti-Japanese War[J].,2015,(01):20-25.
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抗战爆发后华商证券交易所沦为政策市的原因及影响()
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《金融教育研究》[ISSN:1006-6977/CN:61-1281/TN]

卷:
期数:
2015年01期
页码:
20-25
栏目:
出版日期:
2015-01-28

文章信息/Info

Title:
The Causes and Impacts of Chinese Stock Exchanges Change into the Market Dominated by Policies after the Outbreak of Anti-Japanese War
作者:
孙建华
中央财经大学 金融学院,北京 100081
Author(s):
SUN Jianhua
College of Finance,The Central University of Finance and Economics,Beijing 100081,China
关键词:
华商;  证券交易所;  政策需要;  政策市;  脆弱性
Keywords:
Chinese merchant;  stock exchange;  policy needs;  market dominated by policies;  vulnerability
分类号:
F832.9
文献标志码:
A
摘要:
抗战爆发后,我国政经局势动荡,自由的经济与金融体制为统制经济与金融的体制所取代。关内外各个行政当局出于特定政治目的或政策的需要,在其控制区内或直接对华商证券交易所发号施令或改变其营业环境,以行政手段来左右华商证券交易所的拆分、撤并、设立、停业和复业,致使证交所蜕化为政策性的市场,沦为官方相机抉择的财经政策的工具,丧失了经营上的自主性和稳定性,既不能持续、稳定和有效地为产业融资服务,又不利于证交所自身的平稳发展。其中的教训需引以为戒。
Abstract:
After the outbreak of anti-Japanese war,the situation of politics and economy was turbulent,the free economic and financial system was replaced by the control economic and financial system.For the needs of a particular political purpose or policy,all administrations of both inside and outside gave orders directly to Chinese stock exchanges or changed the business environments in areas under their control; they split,merge,establish,close down and resume Chinese stock exchanges by administrative means,make Chinese stock exchanges change into the market dominated by policies,make it become the tools of official short-term financial and economic policies.So the stock exchanges lost autonomy and stability of operation,they could not provide financing services for industry continually and stably and effectively,and it is not conducive to the stable development of Chinese stock exchange itself.We must all take warning from it.

参考文献/References:

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[4]佚名.实业部限新交易所月内成立[N].申报,第21728号,1933-10-08(12).
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[7]佚名.原有证交或将改名[N].申报,第24581号,1946-07-23(7).
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[9]佚名.证交休业[N].申报,第25328号,1948-08-20(6).
[10]杭津宣.揭露刘少奇开放证券交易所的阴谋[N].人民日报,1968-12-28(6).

相似文献/References:

[1]孙建华.民元后华商证券交易所的创设动机及其脆弱性[J].金融教育研究,2013,(05):50.
　SUN Jianhua.The Motives of Creation and Vulnerabilities of Chinese Stock Exchanges after the Establishment of the Republic of China[J].,2013,(01):50.

备注/Memo

备注/Memo:
收稿日期:2014-11-24 基金项目:国家社科基金重大项目“金融排斥、金融密度差异与信息化普惠金融体系建设研究”(14ZDA44) 作者简介:孙建华(1966-),男,广西百色人,经济学博士,副教授,研究方向为货币金融理论、金融史。
更新日期/Last Update: 1900-01-01